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Decoupling: Can Europe avoid a recession?. CEPS Commentaries, 23 January 2008

Gros, Daniel. (2008) Decoupling: Can Europe avoid a recession?. CEPS Commentaries, 23 January 2008. [Policy Paper]

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    Abstract

    On this side of the Atlantic at least, everyone is asking whether Europe will follow the US into a likely recession or whether it can 'decouple' from the American economy. CEPS Director Daniel Gros explores this delicate question by looking at how the eurozone business cycle has related to that of the US over the last ten years. The goods news, he finds, is that the eurozone should be able to avoid a technical recession and that employment growth is likely to remain relatively robust. The bad news is that any recovery might also be much slower in starting in Europe.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > External relations > EU-US
    EU policies and themes > Policies & related activities > employment/labour market > employment/unemployment
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 19 Nov 2009
    Page Range: p. 3
    Last Modified: 15 Feb 2011 18:15
    URI: http://aei.pitt.edu/id/eprint/11602

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