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Euro Area

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Activity has stagnated after contracting in end-2011 and unemployment is set to rise further, owing to weak confidence and difficult financial conditions related to the sovereign debt crisis. Provided that policy actions are sufficient to improve ...
German, French
The recovery has stalled as confidence has weakened and financial conditions have deteriorated as a result of the sovereign debt crisis. The momentum in domestic demand has waned and external demand is slowing sharply. Fiscal consolidation and ...
French, German
French
A gradual recovery is underway, driven by strong exports and a rise in consumption and investment. Confidence has rebounded and financial conditions have improved. However, the pace of recovery is likely to be muted, due to on-going private sector ...
German, French
The euro area is in a deep recession, with external demand collapsing and domestic demand being weakened by tight financial conditions, rising unemployment and heightened uncertainty. Activity is expected to contract throughout 2009 and pick up only ...
French
The euro area has entered a deep recession, propelled by very tight financial conditions, declining asset prices, a sharp drop in external demand and heightened uncertainty. Activity is expected to contract throughout 2009 and pick up only slowly in ...
French
French
French
French
The discussion about a fiscal stabilisation capacity as a way of providing more fiscal integration in the euro area has strengthened in the aftermath of the European sovereign debt crisis. Among the instruments that can be used for temporary...
  • 14 Feb 2014
  • OECD
  • Pages: 36
This book provides an overview of the key challenges currently faced in the Euro Area and OECD's main policy recommendations to address them.
As confinement measures are gradually lifted, economic growth is projected to rebound strongly in the second half of this year. The euro area is projected to grow by 4.3% in 2021 and 4.4% in 2022, boosted by private consumption, considerable fiscal...
French
French
After a projected GDP decline of 7½ per cent in 2020, growth of 3½ and 3¼ per cent in 2021 and 2022, respectively, will bring output back to its pre-pandemic level only at the end of 2022. Persistent virus outbreaks and accompanying containment...
French
French
French
French
Lockdown measures to suppress the COVID‑19 pandemic have led to a major recession. If a second pandemic wave takes place later this year (the double-hit scenario), GDP is projected to contract sharply by 11.5% in 2020, and the unemployment rate will...
French
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