This fourth issue of the ERM quarterly includes: current macroeconomic trends, according to the World Bank; an overview of ERM statistics for the fourth quarter 2006; restructuring at Volkswagen and at EADS, the leading European aerospace and defence group; and, for the first time, a separate...

After a dramatic final quarter of 2008, the European economy is facing a sharp slowdown in economic activity. The euro zone is officially in recession with the EU27 likely to follow. The fourth issue for 2008 includes: Current macroeconomic trends and prospects; an overview of ERM statistics for...

Dramatic recent oil price declines have seen deflation take hold in the EU. General price levels in December 2014 were 0.2% lower than a year earlier. This is further evidence of a tentative European economic recovery that appears to be running out of steam. Growth forecasts for the EU have been...