Tuesday, January 12, 2010

Lower potential growth in Europe

Gert Jan Koopman and (my friend) Istvan Szekely from the European Commission published a pretty interesting note on the potential growth rate in the EU after the crisis. They come to the conclusion that without the potential growth is likely to slow significantly and only a forceful policy response, particularly as regards the financial sector, can help to mitigate the expected slowdown

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