| Author (Person) | Bristow, Gillian, Healy, Adrian |
|---|---|
| Series Title | The Conversation |
| Series Details | 14.10.14 |
| Publication Date | 14/10/2014 |
| Content Type | Journal | Series | Blog |
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The long and slow-stunted recovery of the eurozone economies is a major source of concern for the IMF and international bankers. Six years after the collapse of Lehman Brothers signalled the onset of the Great Recession, we are now faced with the prospect of a Long Stagnation, rather than the return to economic growth that policy makers and the public alike desire. Not only have many economies still to return to pre-crisis levels of economic activity, but there is also a strong risk that the eurozone economies will enter a further recession. It’s a bleak outlook. But should we be worried about this failure to return quickly to past levels of economic activity? And what does this tell us about the resilience of European economies to economic shocks? The weak growth of the global economy and low inflation in the Eurozone prompted investors to sell shares on a massive scale on the 16 October 2014. The euphoria on the markets had long stood in stark contrast to the real economy situation, commentators in various European news sources pointed out. They called on Europe's politicians to combat the threat of another recession with reforms and economic stimulus measures (see Euro|Topics). |
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| Source Link | https://theconversation.com/fears-of-a-eurozone-recession-mount-but-crisis-can-be-averted-32903 |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
