Europe's Growth Crisis: When and How Will It End?. (2nd November 2016)

• Record Type: Journal Article
• Authors: Salvatore, Dominick
• Is Part Of: World economy. Volume 40:Number 5(2017)
• Page Start: 836
• Page End: 848
• Publication Date: 2016-11-02
• Subjects: International economic relations -- Periodicals; 330
• DOI: 10.1111/twec.12460
• Languages: English
• ISSNs: 0378-5920

Abstract

Abstract: This paper analyses Europe's growth problem. Recovery from the recent global financial crisis and 'great recession' has been slower than after previous recessions in most advanced countries and areas, especially Europe. But the European growth problem is structural in character and it started much earlier. This paper analyses the structural causes of the European growth problem, evaluates the policies that Europe adopted to overcome it, and concludes that even with the appropriate policies, the prospects for accelerating growth in Europe will be difficult, especially in the context of Brexit and the slowdown of world growth in general.