A fragile recovery from the pandemic crisis has begun The euro area economy contracted 15% in the first half of the year. Rapid and powerful economic policy measures have mitigated the damage caused by the pandemic, but there is still substantial uncertainty and recovery will take time. Share Email Twitter Facebook Linkedin Google+
Corona crisis has increased the risk of stagnation in the euro area Is the euro area drifting into a liquidity trap (a combination of low interest rates and low inflation) as a consequence of the corona crisis? There is a heightened risk of this, but the policy measures taken are preventing negative trends. Share Email Twitter Facebook Linkedin Google+
Economic uncertainty continues, recovery expected to be uneven The corona pandemic has seriously weakened the euro area economy and the outlook remains uncertain. Recovery will be affected by e.g. how successful the balance between the virus and the economy turns out to be, and how quickly confidence improves. Share Email Twitter Facebook Linkedin Google+
Monetary policy is supporting economic recovery — but the outlook for employment remains weak Monetary accommodation has opened up space for other economic policies in the euro area, which needs to be put to good use by pursuing economic reforms. Productivity and employment growth ultimately rest on our ability to reform. Share Email Twitter Facebook Linkedin Google+
