Cover Regional Economic Outlook: Europe, April 2023
Regional Economic Outlook: Europe, April 2023
Europe’s Balancing Act: Taming Inflation without a Recession
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Abstract

Economic growth has tumbled across Europe, inflation remains too high, and financial sector risks have materialized. Taming sticky inflation while avoiding financial stress and a recession will require tighter macroeconomic policies—tailored to changing financial conditions, stronger financial regulation and supervision, and bolder supply-side reforms that heal scars from the COVID-19 and energy crises.

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Author:
International Monetary Fund. European Dept.
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Series:
Regional Economic Outlook
Publisher:
International Monetary Fund
Language:
English
Publication Date:
28 Apr 2023
DOI:
https://doi.org/10.5089/9798400238154.086
ISBN:
9798400238154
ISSN:
2707-8086
Pages:
40
Keywords:
Europe; regional outlook; economic growth; recession; financial stability; inflation; Russia’s war in Ukraine; COVID-19; financial sector risks; financial stress; financial regulation; energy; Türkiye earthquakes; housing market risks; Taylor Rule; European banking sector; labor; fiscal policy; monetary policy; financial policy; recovery; European economy; inflation expectation; rate surprise; growth-inflation trade-off; headline inflation; ECB monetary policy; price cap; central bank inflation target; target rule; inflation risk; Energy prices; Central bank policy rate; Inflation targeting; Housing prices; Global
Legal-disclaimer:
Projections and policy considerations are those of the IMF staff and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.
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