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The Macroeconomic Outlook and the Impact of the Global Crisis in the Euro Area

Author

Listed:
  • Mioara CHIRITA

    (Dunarea de Jos University of Galati, Romania)

Abstract

This paper provides general analysis and evolution of macroeconomic and financial indicators in the euro area, during the recent crisis 2008-2009. The financial market turmoil that began in 2007 led to a severe global economic downturn. The causes of the crisis, the effects on global financial markets, and the spillover to the economy are permanently examined by the analysts, but the final conclusions are not clear yet. The conclusion of this paper is that the global activity is recovering at varying speeds in some countries, tepidly in many of the advanced economies but solidly in most emerging and developing economies.

Suggested Citation

  • Mioara CHIRITA, 2010. "The Macroeconomic Outlook and the Impact of the Global Crisis in the Euro Area," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 131-136.
    • Handle: RePEc:ddj:fseeai:y:2010:i:1:p:131-136
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    File URL: http://www.ann.ugal.ro/eco/Doc2010/Chirita.pdf
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    References listed on IDEAS

    as
    1. Liliana Rojas-Suarez, 2010. "The International Financial Crisis: Eight Lessons for and from Latin America," Working Papers 202, Center for Global Development.
    2. World Bank, 2008. "World Development Indicators 2008," World Bank Publications - Books, The World Bank Group, number 11855, December.
    3. World Bank, 2008. "World Development Indicators 2008," World Bank Publications - Books, The World Bank Group, number 28241, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Global economics crisis; Global crisis debate;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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