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Trade
29 April 2021

Policy Report: Economic Growth Rates Closely Aligned in Many Euro Area Member States

Thu, 11/09/2017 - 12:00
- Economic growth in many euro area countries is fairly closely aligned, while unemployment figures tend to vary more, according to the latest calculations by the EconPol Europe research network. Based on closely aligned developments across EU states between 1999 and 2014, the authors from the Munich-based ifo Institute and Brussels-based Centre for European Policy Studies conclude that state transfers aimed at stabilising Europe’s economy across national borders would only have a very limited impact. For shocks impacting the Eurozone as a whole, such a system could even trigger effects that exacerbate the crisis. “The deeper integration of capital markets would be a more effective way of helping the system to cope with economic shocks,” said ifo President Clemens Fuest, one of the co-authors of the paper.