Fic, Dr Tatiana; Liadze, Iana; Holland, Dawn; Barrell, Ray - National Institute of Economic and Social Research - 2009
.6 per cent next year. In the Euro Area, where fiscal-stimulus measures have already been largely approved, GDP will decline … by 2 per cent in 2009. Among the big euro economies, Italy, hampered in its ability to support the economy fiscally … spillover effects if the planned fiscal measures predominantly outside the Euro Area go ahead. China has stumbled, too. After …