Deflation is coming : economic perspectives for the euro area and euro area countries in 2014,2015,2016 - Sciences Po Access content directly
Journal Articles Revue de l'OFCE Year : 2015

Deflation is coming : economic perspectives for the euro area and euro area countries in 2014,2015,2016

Abstract

Six years after the start of the Great Recession, the economic and socialsituation in the euro area is still depressed and fragile as shown by key macroeco-nomic indicators. Growth will not exceed 0.8% in 2014 after two consecutiveyears of recession. The risk of deflation is increasing as inflation has now been below 0.5% since May 2014.Employment has improved moderately but unemployment remains at an unacceptably high level. Consequently, inequality andthe risk of poverty are increasing significantly. In short the euro area still suffers the aftermath of the crisis and has not yet engaged in a buoyant recovery.
Fichier principal
Vignette du fichier
02-2015-timbeau-deflation-is-coming.pdf (1.32 Mo) Télécharger le fichier
Origin : Publisher files allowed on an open archive

Dates and versions

hal-03460032 , version 1 (01-12-2021)

Identifiers

Cite

Xavier Timbeau, Lars Anderson, Christophe Blot, Jérôme Creel, Andrew Watt. Deflation is coming : economic perspectives for the euro area and euro area countries in 2014,2015,2016: Chapter 1. Revue de l'OFCE, 2015, IAGS 2015, pp.19 - 68. ⟨hal-03460032⟩
15 View
20 Download

Share

Gmail Facebook X LinkedIn More