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Euro Area Policies
International Monetary Fund. European Dept.
其他書名
2024 Annual Consultation-Press Release; Staff Report; and Statement by the Executive Director for Member Countries
出版
International Monetary Fund
, 2024-07-30
ISBN
9798400283574
URL
http://books.google.com.hk/books?id=N4QXEQAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
The euro area economy has been resilient in the face of multiple, large shocks, including the pandemic, Russia’s gas shut-off, and fallout from the war in Ukraine. Nonetheless, the adverse shocks have had persistent effects which shape economic prospects. Energy-intensive industries, in particular, have struggled to adjust to higher input costs and continue to underperform. Despite subdued overall activity, employment growth remains robust. Inflation has declined significantly from its late-2022 peak in response to the ECB’s policy tightening and the decline in commodity prices.