search query: @indexterm Gross National Product / total: 155
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| Author: | Carstensen, K. |
| Title: | Euroland: Aufschwung verzögert sich |
| Journal: | Weltwirtschaft
2002 : 3, p. 255-278 |
| Index terms: | EUROPEAN UNION GROSS NATIONAL PRODUCT CONSUMERS ECONOMICS |
| Language: | ger |
| Abstract: | The recovery in Euroland has started at the beginning of this year but it has remained rather moderate. Real GDP increased at an annual rate of less than 1.5 percent during the first half of 2002. Capacity utilization has declined further and unemployment continued to go up. While exports have gained some strength, domestic demand has just about stabilized. Several factors can be made responsible for the sluggish performance. Consumer sentiment was affected by the price increases at the beginning of this year and obviously also the introduction of the new currency. Profit expectations of firms have not improved sufficiently as it is also reflected in the collapse of stock prices (original in German). |
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