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.

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