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Following a deep recession in 2020 and further contraction in 2021Q1, the euro area economy recovered rapidly in the second and third quarters thanks to high vaccination levels, increasing household and business adaptability to the virus, and continued forceful policy support. Looking ahead,...
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union, weaknesses that appear to have been masked during the first relatively calm years of Economic and Monetary Union (EMU …
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The striking turnaround in the Netherlands' economic performance over the past decade and a half has attracted widespread attention. Emerging from deep recession and high unemployment in the early 1980s, the economy shifted to a pace of growth more rapid than that in neighboring economies, and...
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The pandemic interrupted a prolonged growth spell that made the Dominican Republic one of the most dynamic economies in the region amid strong growth, macroeconomic stability and improved social outcomes. This built resilience to the shock-including by maintaining access to markets-and allowed a...
Persistent link: https://www.econbiz.de/10012604347
The Icelandic economy has been severely affected by the pandemic. Sharp tourism contraction and containment measures caused real GDP to plummet by 6.6 percent in 2020. A modest recovery will take hold in 2021. Recovery prospects in the tourism sector depend on control of the epidemic and...
Persistent link: https://www.econbiz.de/10012604433
likey impact of EMU on selected non-EU countries. In recognition of the contribution these papers could make to the … literature and discussion of EMU, the Board requested that this collection of papers be published. This Occasional Paper presents … the three papers in one volume Chapter 1 provides an analysis of the likely impact of EMU on three regions: Central and …
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