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Huidan Lin

No 2015/402, IMF Working Papers from International Monetary Fund

Abstract: This paper discusses the risks of stagnation over the medium term in the euro area. It examines the consequences of longer-term growth trends that predate the crisis and the progress made in addressing the crisis legacies of high unemployment and debt. The paper illustrates in a downside scenario, how low potential growth and crisis legacies leave the euro area vulnerable to a negative shock that tips the economy into a prolonged slowdown.

Pages: 25
Date: 2016-01-22
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2015/402

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