Regional Economic Outlook: Europe -- Building Confidence, October 2010 -- Table of Contents
Europe, October 20, 2010
Source details
- Canonical URL
- Regional Economic Outlook: Europe -- Building Confidence, October 2010 -- Table of Contents
Other formats
Bibliographic details
- Published: October 20, 2010
- Series: Europe
Overview and Key Messages
- The recovery in Europe continues, supported by strong policy action to contain sovereign debt problems in the euro area.
- In advanced Europe, lingering uncertainties and market pressures make for moderate and unequal growth, creating challenges for macroeconomic and financial sector policies.
- The REO argues that better policy frameworks, in particular at the euro area level, promise a stronger Europe.
- For the first time, the REO devotes a separate chapter to the outlook for emerging Europe, where, after a deep recession, an export-led recovery is under way; however, the rebound is uneven across the region.
- Beyond the short term, the REO argues that the region will need to find new growth engines, as the capital inflows-driven and credit-fueled domestic demand boom needs to give way to more balanced growth.
- The REO emphasizes that active fiscal policy and coordinated prudential measures are key to avoiding a repeat of the boom-bust cycle the region has just endured.
Advanced Europe: Beyond Crisis Management (Chapter 1)
- The Recovery Continues.
- Policies to Sustain the Upswing.
- Steps to Complete the European House.
- Analysis highlights moderate and unequal growth in advanced Europe and the need to address sovereign debt problems in the euro area through strong policy action and improved governance at the euro area level.
Emerging Europe: Toward Self-Sustained Growth (Chapter 2)
- Outlook for 2010 and 2011.
- What Can Policymakers Do to Sustain the Recovery and Minimize Risks?
- Key finding: an export-led recovery is under way after a deep recession, but the rebound is uneven and policymakers must balance dealing with crisis legacies without hurting the recovery.
Emerging Europe and the Global Crisis: Lessons from the Boom and Bust (Chapter 3)
- How the Global Financial and Economic Crisis Affected Emerging Europe—A Narrative.
- Why Was a Meltdown Avoided?
- Lessons for Crisis Prevention.
- Conclusions.
- References.
Policy Recommendations and Analysis Emphasized Across Chapters
- Active fiscal policy is necessary to support the recovery while planning consolidation to ensure sustainability.
- Coordinated prudential measures are needed to prevent a repeat of the capital inflows-driven and credit-fueled boom-bust cycle.
- Strengthening governance and policy frameworks at the euro area level to address sovereign debt and systemic vulnerabilities.
Supporting Analytic Content (Boxes)
- Fiscal Consolidation: Minimizing Side Effects.
- Toward a More Integrated Financial Stability Framework for the EU.
- Why Is Economic Growth Lagging in Europe and What Can Be Done About It?
Empirical Content (Tables and Figures)
- Extensive tables covering Real GDP Growth and CPI Inflation (2007–11), Net Exposure of Banks to Sovereign Debt (March–July 2010), Advanced European Countries: Main Macroeconomic Indicators (2007–11), Emerging Europe: Real GDP, Domestic Demand, Exports, and Private Consumption (2009–11), and many other country- and region-level indicators.
- Figures include: Euro Area: Contribution to Growth, 2006:Q1–2010:Q2; Selected European Countries and the United States: Real GDP, 2006:Q1–2011:Q4; Euro Area: Financial Conditions Index, January 2003–August 2010; Emerging Europe: Real GDP Growth and related series across 2008–2010; and numerous charts on fiscal adjustment, banking indicators, capital flows, and external vulnerabilities.
Special Initiatives and Programs Covered
- IMF-Supported Programs.
- European Bank Coordination Initiative (“Vienna Initiative”).
- Financing Packages for Emerging European Countries Under IMF-Supported Programs.
Regional Economic Outlook: Europe -- Building Confidence, October 2010 -- Table of Contents
Content in this bundle
- Perspectives économiques régionales : EUROPE — Renforcer la confiance
- Regional Economic Outlook: EUROPE Building confidence; Introduction and Overview ; October 2010
- Regional Economic Outlook; Europe Building Confidence; October 10, 2010
- Перспективы развития региональной экономики: Европа Укрепление доверия; Октябрь 2010 года
- Perspectivas económicas regionales: EUROPA — Generando confianza
References
- Press Release: IMF Sees Continued Recovery in Europe, Risks Remaining
- Europe: Regional Economic Outlook Reports
- Regional Economic Outlooks
- IMF Regional Reports
- World Economic Outlook Archives
- Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.
- Modify your profile
- Adobe Acrobat Reader