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Euro Area Policies
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 234
Language:
English
Publication Date:
03 Aug 2004
DOI:
https://doi.org/10.5089/9781451812909.002
ISBN:
9781451812909
ISSN:
1934-7685
Pages:
62
Keywords:
ISCR; CR; headline inflation; euro; rating agency Standard & Poor's; subsidized sugar export; equity price; ECOFIN Council; inflation expectation; headline inflation outcome; Labor policy; Inflation; Labor markets; Global; Europe
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The staff report on Euro Area Policies highlights cyclical growth developments and risks. The area’s real GDP growth has picked up, responding to strong foreign demand and relaxed financial conditions. The final domestic demand growth remains subdued, and the area lags global growth by a large and widening margin. Euro area corporations have taken considerable time to adjust to the boom–bust cycle in equity valuations. The shared central view is that the export-led recovery will increasingly be sustained by domestic demand growth.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund