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 …

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 …

Europe's contraction is ending, but the recovery is fragile. Policymakers should look beyond the crisis to secure a …

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

advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engine of growth. However, the …

Europe is in a deep recession. Adverse feedback between the financial and real sectors and across borders is likely to …

Strong fundamentals should allow Europe to weather financial turbulence relatively well. Nonetheless, growth is set to … medium-term growth prospects, and deliver on the promise of convergence for emerging Europe. Three analytical chapters … discuss reforms to strengthen Europe's financial systems to allow advanced economies to benefit from innovation without …