Αποτελέσματα Αναζήτησης
First, the EU faced the Great Recession in the 2008-2009 period and then, after a short recovery, several Member States succumbed to the sovereign debt crisis. The combined crises had catastrophic consequences for economic growth, investment, employment and the fiscal position of many Member States.
The European economy is in the midst of the deepest recession since the 1930s, with real GDP projected to shrink by some 4% in 2009, the sharpest contraction in the history of the European Union. Although
It examines the short-term impact of COVID-19 by inspecting economic performance at sectoral level in 2020 and 2021, based on available data and tentative projections.
The reasons for the eurozone crisis are many and varied, with some general causes and some country-specific factors. A summary of the key are provided in this issues short note.
recovery is uneven across countries. Thanks to the strong and well-coordinated EU crisis response, the damage to the EU economy appears considerably less than feared at the outset of the COVID-19 pandemic. However, the revival of demand – in the EU, but also in most advanced economies – has been so strong
The fi nancial crisis also contributed to a rapid weakening of economic activity, leading to the sharpest output contraction since the Great Depression of the 1930s. Chapter 3 examines how euro area fi scal policies responded to this economic crisis with a view to sustaining domestic demand while also strengthening the supply side of the economy.
from the financial crisis: Key data EN The financial crisis began with the collapse of Lehman Brothers, starting a worldwide chain reaction. The EU economy contracted for five consecutive quarters, with growth returning only in the second half of 2009. Stimulatory and fiscal actions by national governments and the EU, and
