donderdag 16 juli 2009

The negative impact of the financial crisis on potential output necessitates an EU-led policy response

The crisis may reduce the EU’s potential output by 5% of GDP or more. This column warns that the crisis may permanently reduce the EU’s supply-side capacity unless policymakers respond with reforms. It outlines measures to address the crisis and address long-run concerns about demographic shifts, public finances, and climate change.
For the full article, click here.

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