Calmfors, Lars; Corsetti, Giancarlo; Hassler, John; … - In: EEAG Report on the European Economy (2012) 02, pp. 17-56
Global economic conditions have deteriorated considerably since summer 2011. Europe in particular has been obliged to revise its growth expectations sharply downwards. The debt crisis and its consequences have stifled demand worldwide, even impacting regions that have long been developing...