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Deflation is coming : economic perspectives for the euro area and euro area countries in 2014,2015,2016

Author

Listed:
  • Xavier Timbeau

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Lars Anderson
  • Christophe Blot

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Jérôme Creel

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Andrew Watt

Abstract

Six years after the start of the Great Recession, the economic and socialsituation in the euro area is still depressed and fragile as shown by key macroeco-nomic indicators. Growth will not exceed 0.8% in 2014 after two consecutiveyears of recession. The risk of deflation is increasing as inflation has now been below 0.5% since May 2014.Employment has improved moderately but unemployment remains at an unacceptably high level. Consequently, inequality andthe risk of poverty are increasing significantly. In short the euro area still suffers the aftermath of the crisis and has not yet engaged in a buoyant recovery.

Suggested Citation

  • Xavier Timbeau & Lars Anderson & Christophe Blot & Jérôme Creel & Andrew Watt, 2015. "Deflation is coming : economic perspectives for the euro area and euro area countries in 2014,2015,2016," Post-Print hal-03460032, HAL.
    • Handle: RePEc:hal:journl:hal-03460032
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03460032
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    Cited by:

    1. Gheorghe HURDUZEU & Maria-Isadora LAZAR, 2015. "An Assessment of Economic Stability under the New European Economic Governance," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 3(2), pages 301-315, June.

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