The commitment of hundreds of billions of euros and dollars by the public authorities to the banking systems in the major developed economies in September and early October 2008 has only partially stemmed the malaise in the global financial system. The third issue for 2008 includes: Current...

After a dramatic final quarter of 2008, the European economy is facing a sharp slowdown in economic activity. The euro zone is officially in recession with the EU27 likely to follow. The fourth issue for 2008 includes: Current macroeconomic trends and prospects; an overview of ERM statistics for...

In the first quarter of 2009, most evidence points to a deepening, global recession affecting simultaneously Europe, other major developed and developing economies. The first issue for 2009 includes: current macroeconomic trends and prospects; an overview of ERM statistics for January-March 2009;...

According to the most recent DG-ECFIN quarterly report, the euro area remains ‘deep in recession mode’: unemployment is rising in all Member States. The second issue for 2009 includes: current macroeconomic trends and prospects; an overview of ERM statistics for April-June 2009; state aid for...

Europe is slowly emerging from one of the deepest recessions on record with the European Commission predicting positive growth in the third quarter of 2009. The third issue for 2009 includes: current macroeconomic trends and prospects; an overview of ERM statistics for July-September 2009;...

The EU emerged from recession in the third quarter of 2009 but growth remains anaemic ( 0.3%, EU27) and well below trend rates. Unemployment notably continues to rise and its pace of increase has accelerated in the most recent quarter to reach the highest levels in over a decade (9.5%, EU27)....

Though no longer in recession, the EU economy remains fragile, with growth well below trend rates. Unemployment continues to rise, though at a slowing pace (it stood at 9.6% in the EU27 in February 2010). The first issue for 2010 includes: current macroeconomic trends and prospects; an overview...

Europe continues to show signs of a tentative recovery with marginally positive growth and other economic indicators stabilising. There are however persistent concerns over levels of public debt and, to a lesser extent, over the stability of the euro. The second issue for 2010 includes: current...

The pace of recovery following the 2008–9 economic crisis has picked up somewhat throughout 2010 with the EU forecast to register 1.7% growth in 2010. Uncertainty however persists on a number of fronts. Fears of a double dip recession in the US economy have been reinforced by recent weak...

Nearly two years after the technical end of the ‘Great Recession’, there are increasingly divergent patterns of recovery across the EU. Member States in the German – central Europe – Baltic axis are enjoying strong growth and improving labour markets while the debt-laden ‘periphery’...