Regional Economic Outlook, October 2009, Europe: Securing Recovery

September 29, 2009

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Regional Economic Outlook, October 2009, Europe: Securing Recovery, (USA: International Monetary Fund, 2009) accessed November 23, 2024

Summary

Europe's contraction is ending, but the recovery is fragile. Policymakers should look beyond the crisis to secure a durable upswing and address the threats to potential growth from the crisis and the continent's well-known structural rigidities. The report's analytical work stresses the uncertainty surrounding potential growth estimates, and the more volatile environment faced by emerging economies in a tightly integrated region. In the near term, this calls for measures to restore the financial sector to health and for continued macroeconomic support, while preparing for the exit from extraordinary interventions in a coordinated and transparent fashion. Higher longer-term growth through structural change will support the recovery, smooth the exit, and help emerging markets to adjust to lower capital inflows in the crisis' aftermath. Published biannually in May and October.

Subject: Currencies, Exchange rates, Foreign exchange, Money, National accounts, Output gap, Potential output, Production, Return on investment

Keywords: Area output gap, Baltics, Currencies, Euro, Europe, Exchange rates, Financial crisis, Fiscal policy, Foreign currency, Global, IMF staff calculation, Output gap, Output gap uncertainty, Potential output, Real-time output gap, REO, Return on investment, Western Europe

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Europe
Stock No:

REOEUREA2009002
ISBN:

9781589068599
ISSN:

2071-4165

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