Li, Enjing; Suni, Paavo; Zhao, Yanyun - 2008
strong growth. The tide
turned in 2008, when the US and Euro Area slid into recession and the growth started to
decelerate …. The US and the Euro Area have en-
tered into a recession and the growth prospects have strongly worsened also in other de … recession in key production areas, the US and Euro Area. A large
recent decline in raw material prices and energy in particular …