The recovery in Europe continues, supported by strong policy action to contain sovereign debt problems in the euro area …. In advanced Europe, lingering uncertainties and market pressures make for moderate and unequal growth, creating … crisis, arguing that better policy frameworks, in particular at the euro area level, promise a stronger Europe. For the first …

This issue of the Regional Economic Outlook for Europe examines the moderate and uneven recovery occurring across the … region. The varying speed of recovery in advanced Europe is closely linked to the degree of overheating and credit expansion … going into the crisis. The even more varied speed of recovery in the economies of emerging Europe reflects country …

Europe is facing slower growth as a result of protracted financial turbulence and spillovers from the U.S. Meanwhile … risks to real activity with the need to anchor inflation. Emerging Europe is well placed to continue to grow, albeit at a …

The May 2011 Regional Economic Outlook: Europe anticipates that recovery in the region will solidify, with recoveries … in advanced and emerging Europe likely to be mutually reinforcing. Advanced Europe continues to absorb most of emerging … Europe's exports, while the role of emerging Europe as a market for advanced Europe will expand. Chapters discuss the outlook …

Following a strong showing in early 2011, the economies across Europe now face the prospect of a pronounced slowdown …, as global growth has softened, risk aversion has risen, and strains in Europe's sovereign debt and financial markets have … deepened, according to this issue of the Regional Economic Outlook for Europe. Downside risks are significant, and a further …

many parts of Europe, however, wage growth is sluggish despite falling unemployment …