International Monetary Fund

Search
Please send us your feedback

World Economic and Financial Surveys

Regional Economic Outlook: Europe

Navigating Stormy Waters

October 2011
©2011 International Monetary Fund
Buy a print subscription   |   Ordering Information
Disclaimer   |   Copyright and Usage

Download Full Text PDF


Following a strong showing in early 2011, the economies across Europe now face the prospect of a pronounced slowdown, as global growth has softened, risk aversion has risen, and strains in Europe’s sovereign debt and financial markets have deepened, according to the Regional Economic Outlook: Europe. Downside risks are significant, and a further deepening of the euro area crisis would affect not only advanced Europe, but also emerging Europe, given its tight economic and financial ties. The policy stance in advanced Europe will need to be adapted to reflect the weakening and tense outlook, financial systems strengthened further, and a consistent, cohesive, and cooperative approach to monetary union adopted by all euro area stakeholders. The cross-country experience in the past decade in Europe shows the difference that good policies can make in boosting growth, with some European countries having grown rapidly while others have stagnated. Escaping low-growth traps, through broad-based reforms that address macroeconomic imbalances and country-specific structural rigidities, is possible.


Regional Economic Outlook: Europe

Panel Discussion on Europe, October 5, 2011
Watch the webcast webcast


IMF Calls for Implementation of Agreed Measures In Europe
English | Français


Free Email Notification

Receive emails when we post new items of interest to you.
Subscribe or Modify your profile