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The euro zone: A general recovery

Abstract : This text is based on the 2017-2019 outlook for the global economy and the euro zone. The euro zone has returned to growth since mid-2013, after having experienced two crises (the financial crisis and the sovereign debt crisis) that led to two recessions: in 2008-2009 and 2011-2013. According to Eurostat, growth accelerated during the third quarter of 2017 and reached 2.6% year-on-year (0.6% quarter-on-quarter), its highest level since the first quarter of 2011 (2.9%). Beyond the performance of the euro zone as a whole, the current situation is marked by the generalization of the recovery to all the euro zone countries, which was not the case in the previous phase of recovery in 2010-2011. Fears about the sustainability of the debt of the so-called peripheral countries were already being reflected in a sharp fall in GDP in Greece and the gradual slide into recession of Portugal, Spain and a little later Italy. [First paragraph]
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https://hal-sciencespo.archives-ouvertes.fr/hal-03455340
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Submitted on : Monday, November 29, 2021 - 3:58:32 PM
Last modification on : Friday, June 3, 2022 - 3:40:27 AM

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Christophe Blot. The euro zone: A general recovery. 2018. ⟨hal-03455340⟩

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