Euro Area Policies: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Member Countries
IMF Staff Country Reports, July 11, 2019
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- Euro Area Policies: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Member Countries
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Bibliographic details
- Published: July 11, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498325073.002
Growth outlook and risks
- After a sharp slowdown starting in 2018, euro area growth is expected to recover over the course of 2019.
- Mounting downside risks that could derail the recovery:
- Global trade tensions.
- A no-deal Brexit.
- Market concerns about countries with high public debt.
- Even without a major shock, there is a danger the euro area could enter a prolonged period of anemic growth and inflation.
Policy priorities and recommendations
- Policies should focus on supporting growth while also reducing vulnerabilities.
- Emphasize measures that balance near-term demand support with steps to address structural and fiscal weaknesses that increase market concerns.
Thematic coverage (topics addressed)
- Banking
- Competition
- Financial markets
- Inflation and prices
- Labor and labor markets
- Production and productivity
- Monetary policy tailored to the euro area context
- Single market and EU policymaker coordination
International Monetary Fund. Euro Area Policies: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Member Countries
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