We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Adjustment and Trade in the Euro Area.
- Abstract
The article focuses on the economic growth in the Euro Area. Economic growth in the Euro Area remains rather weak, slowing from 1.7 percent in 2004 to a forecast rate of 1.5 percent in 2005 before rising to 2 percent in 2006. Labor market problems in Germany, in part as a consequence of unification, have probably reduced trend growth to just above 1 percent, whilst trade liberalization has changed the structure of the Italian economy, and has probably reduced trend growth to around 1 percent. Further evidence of slow supply side growth has been the increase in inflationary indicators that have been seen as a consequence of the 5 percent fall in the euro since the beginning of 2005.
- Subjects
EUROZONE; ECONOMIC development; ECONOMIC trends; PRICE inflation; FREE trade; ECONOMIC indicators
- Publication
National Institute Economic Review, 2005, Vol 193, p25
- ISSN
0027-9501
- Publication type
Article