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April 2023

Economic growth has tumbled across Europe, inflation remains too high, and financial sector risks have materialized. Taming sticky inflation while avoiding financial stress and a recession will require tighter macroeconomic policies—tailored to changing financial conditions, stronger financial regulation and supervision, and bolder supply-side reforms that heal scars from the COVID-19 and energy crises.

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Blog: Europe’s Knife-Edge Path Toward Beating Inflation Without a Recession


IMF Blogs - Europe

Euro Area Reports

Biases in Survey Inflation Expectations: Evidence from the Euro Area (September 30, 2022)

U.S. and Euro Area Monetary and Fiscal Interactions During the Pandemic: A Structural Analysis (November 11, 2022)

A Bottom-Up Reduced Form Phillips Curve for the Euro Area (December 16, 2022)

Euro Area Policies: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Euro Area; IMF Country Report No. 23/264 (July 19, 2023)


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