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Author:Bradley, S.
Title:Unemployment, the 'new economy' and EU economic performance
Journal:Industrial Relations Journal
2002 : DEC, VOL. 33:5, p. 392-404
Index terms:UNEMPLOYMENT
ECONOMIC CONDITIONS
ECONOMIC PERFORMANCE
EUROPEAN UNION
Language:eng
Abstract:In this paper the authors review the recent performance of the European economy, focusing upon the Eurozone area, but also draw comparisons with the performance of the UK, US and other OECD economies. The prospects of recovery from the recent recession are considered and so too is the medium-term growth performance of the European economy. Two features of the European economy are likely to affect the future performance of the European economy. The first is the threat to economic performance of an inflexible, or inefficient, labour market. Unlike the US and the UK, many countries within the EU have suffered from persistently high unemployment rates, and so the authors consider the sources of this persistence.
SCIMA record nr: 243284
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