Jobs and Growth: Supporting the European Recovery: Supporting the European Recovery

Books, April 10, 2014

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Five years after the onset of the global financial crisis, Europe’s economy is still fragile.
Notwithstanding recent positive signs amid calmer financial markets, medium-term growth is likely to remain frail owing to continuing weaknesses and vulnerabilities at the country level and in the fabric of European institutions and banks, especially in the euro area.
Unemployment in many countries has reached very high levels.
The IMF research collected in this volume provides a number of guideposts that offer an opportunity for stronger and better-balanced growth and employment in Europe after what has been a long and dismal period of crisis.

Fragility of European economic recovery persists five years after the global financial crisis.
Calmer financial markets have produced recent positive signs, but medium-term growth prospects remain weak.
Continuing vulnerabilities exist at:
- the country level,
- within European institutions, and
- in banks, especially in the euro area.
High unemployment across many countries undermines recovery and labor market outcomes.
The volume compiles IMF research offering guideposts for achieving stronger and better-balanced growth and employment in Europe.

Subject: Employment, Exports, International trade, Labor, Labor market reforms, Labor markets, Unemployment
Keywords: Baltics, BOOK, CA deficit, debt, debt reduction, Eastern Europe, Employment, employment growth, Europe, Exports, financial crisis, Global, labor market, labor market outcome, Labor market reforms, Labor markets, profit share, Unemployment, unemployment insurance, Western Europe