Five years after the onset of the global financial crisis, Europe's
economy is still fragile. Notwithstanding recent positive signs
amid calmer financial markets, medium-term growth is likely to
remain frail owing to continuing weaknesses and vulnerabilities at
the country level and in the fabric of European institutions and
banks, especially in the euro area. In addition, unemployment in
many countries has reached very high levels. The IMF research
collected in this volume provides a number of guideposts that offer
an opportunity for stronger and better-balanced growth and
employment in Europe after what has been a long and dismal period
of crisis.
General
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