IMF Staff Country Reports

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Publisher:: International Monetary Fund
ISSN:: 1934-7685

The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.

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Staff Report on the Monetary and Exchange Rate Policies of the Euro Area; Supplement Updating Information on Economic and Financial Developments in the Euro Area; Public Information Notice following Consultation; Statement by the Executive Director on Monetary and Exchange Rate Policies of the Euro Area.

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Volume/Issue:: 2001/200
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: November 2001
DOI:: http://dx.doi.org/10.5089/9781451812978.002
ISBN:: 9781451812978
ISSN:: 1934-7685
Page:: 63

A series of adverse supply and demand shocks have brought the euro area's three-year expansion to a virtual standstill. Buoyant labor markets, which have been the hallmark of the recovery since 1997, have succumbed only gradually to the slowing of output growth. The slowdown has been pervasive throughout the area, albeit unevenly and with different cyclical implications. Recent travails notwithstanding, the second half of the 1990s saw a significant improvement in the macroeconomic performance of the euro area.

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Staff Report on the Monetary and Exchange Rate Policies of the Euro Area; Supplement Updating Information on Ecoomic and Financial Developments in the Euro Area; Public Information Notice following Consultation; Statement by the Executive Director on Monetary and Exchange Rate Policies of the Euro Area.

IMF Staff Country Reports

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