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Chapter 1: The European Economy: Macroeconomic Outlook and Policy

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  • Giancarlo Corsetti
  • Michael P. Devereux
  • John Hassler
  • Tim Jenkinson
  • Gilles Saint-Paul
  • Hans-Werner Sinn
  • Jan-Egbert Sturm
  • Xavier Vives

Abstract

The financial crisis triggered by the bursting of the US real-estate bubble has spread over the entire world to different degrees and markedly slowed down world economic growth in 2008. This year, all major regions in the world will be in recession.

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Bibliographic Info

Article provided by CESifo Group Munich in its journal EEAG Report on the European Economy.

Volume (Year): (2009)
Issue (Month): (02)
Pages: 11-57

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Handle: RePEc:ces:eeagre:v::y:2009:i::p:11-57

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