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Regional Economic Outlook, May 2009: Europe - Addressing the Crisis

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 | #4416888 in eBooks |  2009-05-08 |  2009-05-08 | File type: PDF

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Europe is in a deep recession. Adverse feedback between the financial and real sectors and across borders is likely to delay the recovery and create downside risks. Unprecedented policies have been undertaken to address the crisis-but are they likely to be successful and sufficiently coordinated for a tightly integrated region? To restore trust and confidence in financial markets, additional and forceful action will be essential. Maintaining fiscal support should help so...

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