IMF European growth projection for Europe
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Europe’s long recession is bottoming is due to strong policy action, a rebound in confidence, and a tentative upswing in global trade according to the IMF’s new regional outlook[1].
Johan Mathisen[2] feels “bolstering potential growth may be the most important element of the strategy to secure a solid recovery”, when looking beyond the short run. In order for not constraining the economic recovery too soon he recommends for advanced economies:
- labor and product markets reforms and
- efforts to rejuvenate the EU’s Lisbon agenda
According to him: “Similar reforms in emerging European economies will facilitate a smoother reallocation of labor to export-oriented sectors—a must in times of dwindling capital flows—and could raise their attractiveness for foreign investment.”
Source and related links: Mathisen, J. (Oct. 3, 2009): Europe: IMF Sees Slow and Fragile Recovery, IMF-Website URL: http://www.imf.org/ext…
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- You can download the 'Regional Economic Outlook: Europe' as pdf-File from the IMF-Website as pdf-File (80 p.; 851 KB) free of charge or order a print copy at USD 35.00. [↩]
- IMF European Department [↩]
Hartmut Buettner @ October 31, 2009
