Economic and monetary conditions in the euro area: crossing the Atlantic Ocean

Jean-Paul Fitoussi (1)

1 OFCE - Observatoire français des conjonctures économiques (Sciences Po)

With respects to my last briefing paper (november 2000), the economic outlook for the euro zone has evolved, but in a direction and in extent which remain uncertain. The fashionable world is "resilient". Most forecasting institutes expect the euro area to be relatively resilient, with growth slowing only slightly this year to stay well above 3%. Hence basically they are forecasting the continuation for 2001 of the present growth cycle. But the term "resilient" is supposed to captures the uncertainty surrounding the forecast : "despite the slowing down of world growth, the euro area will not be much affected" (...).

Domains: Economics and Finance

Jean-Paul Fitoussi. Economic and monetary conditions in the euro area: crossing the Atlantic Ocean. 2001. ⟨hal-00972907⟩