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| Author: | Greenslade, J. Sentance, A. |
| Title: | Is the European economy turning the corner? |
| Journal: | Economic Outlook
1997 : MAY, VOL. 21:3, p. 12-17 |
| Index terms: | GROWTH UNEMPLOYMENT EUROPE STATISTICS |
| Language: | eng |
| Abstract: | Economic growth in Europe during the recovery has been weak and it has been accompanied by high unemployment. European Union has become a home to over half of all the unemployed people in the OECD group of countries. But Germany, France and the UK have seen a pick-up in growth last year. The European economy is now turning the corner or the recent pick-up in growth will turn out to a false drawn. With appropriate monetary policy the European economy should now be able to grow rapidly. The single currency in 1999 with a "wide" EMU is difficult: monetary union may bring structural changes that create further adjustment problems for the European economy. |
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