Euroarea in Recessions- a comparison

ECB’s November monthly bulletin (heavy pdf file) has a short research note comparing the performance of Euroarea in previous recessions. To do a comparison of recessions in Euroarea is always a mighty job.

  • The decline in investments, consumption, employment, wages is much the same as in previous recessions. The wages actually don’t decline as much.
  • The decline is much sharper in exports which reflects in a much sharper decline in GDP

Useful stuff.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: