Economic Assessment of the Euro Area. Autumn Report 2008

Euroframe – European Forecasting Research Association for the Macro-Economy
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Euroframe – European Forecasting Research Association for the Macro-Economy: Euroframe – European Forecasting Research Association for the Macro-Economy

in WIFO Studies from WIFO

Abstract: According to the latest forecast made by the international Euroframe group, of which WIFO is a member, the GDP in the euro zone will decline by 0.4 percent in 2009, and a low growth rate of 0.5 percent is expected for 2010. It will take until 2011 for the economy to return to modest growth (+1.6 percent). The USA, UK and Japan are similarly expected to experience a decline of their real GDP. A model simulation indicates that an expansive fiscal policy which is internationally coordinated could do better in alleviating the slump than could measures taken by each individual country.

Keywords: Euro-Raum; Prognose; Outlook (search for similar items in EconPapers)
Date: 2008 Written 2008-11-21
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