di Mauro, Filippo; Forster, Katrin; Lima, Ana - European Central Bank - 2010
competitiveness. It finds that the euro area was hit particularly hard by the contraction in global demand. Moreover, the collapse in … competitiveness, resulting in further losses in competitiveness compared to our main trading partners, in line with pre-crisis trends …. This view is also confi rmed by evidence from broad-based competitiveness measures, which show that euro area countries …