Conclusion

Filippo Mauro, Stephane Dees and Marco Lombardi
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Filippo Mauro: European Central Bank

Chapter 8 in Catching the Flu from the United States, 2010, pp 216-218 from Palgrave Macmillan

Abstract: Abstract The 2007–9 financial crisis has had severe impacts, bringing the global economy to its deepest and most widespread recession since World War 2. The euro area economy has not been spared: it has been in recession since the second quarter of 2008, losing in one year around 5% of its output. One important characteristic of that recession has been its broad-based nature — not only across countries, but also across demand components affecting consumption, investment and world trade to a massive extent.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28207-0_8

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DOI: 10.1057/9780230282070_8

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