|Author (Corporate)||European Commission: DG Economic and Financial Affairs|
|Series Title||European Economy: Institutional Papers|
|Series Details||Vol.14, No.2, July 2015|
|Content Type||Journal | Series | Blog, Report|
European Economy Institutional Papers are important reports and communications from the European Commission to the Council of the European Union and the European Parliament on the economy and economic developments.Abstract:
The focus section of the report looks at euro area services sectors. It finds evidence that service sectors in the euro area are underperforming, meaning that reforms to address structural bottlenecks and support greater competition could contribute to boosting exports, growth and competitiveness. The two special features of the report deal with the economic impact of oil prices and business cycle synchronisation. The former finds that the recent fall in oil prices is likely to have had a substantial effect on economic growth and inflation. The latter shows that, due in particular to differences in deleveraging needs, the sovereign crisis has propagated heterogeneously across Member States, causing significant cross-country differences in domestic demand and persistent business cycle divergence.
|Subject Categories||Economic and Financial Affairs|
|Countries / Regions||Europe|