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The euro area current account after the pandemic and energy shock


World Bank Document

Following a strong recovery after the onset of the COVID-19 pandemic, growth in the EU is expected to sharply decelerate in 2023 as high ...

Europe's inflation divergence - DWS

The Eurozone has just experienced three such shocks: Covid-19 ... energy shocks following Russia's 2022 full scale war on Ukraine.

From Fragility to Greater Stability: Economic Outlook and Investment ...

Following the start of the pandemic in 2020, growth in the Euro area has been weak. The region experienced a deeper downturn and a more tepid ...

High Electricity Prices Have Europe Facing Deindustrialization

Capital goods production was down nearly 8.7 percent. Investment in plants and equipment has plummeted. Europe's current account surplus, which ...

Fiscal policy and debt sustainability in the euro area since the ...

In both the euro area and the United States, monetary policy was first eased during the worst year of the COVID-19 pandemic, in 2020, but ...

European Economic Forecast. Autumn 2022 - Aran

As the economy adjusts to the shocks caused by the COVID-19 pandemic and ... As the EU is a net importer of energy, the energy price shock.

DOC - IPEX.eu

(1) The euro area's post-COVID economic recovery has been interrupted by a series of external shocks. ... In this context, the euro area's current account ...

The macroeconomic context: Pandemic shock and policy response

the pandemic triggered the steepest decline in gross domestic product (GDp) in the history of the european Union. When the crisis hit the eU ...

The first 25 years of the euro - Banca d'Italia

Whilst the current account of the euro area balance of payments remained ... The pandemic hit during the slow recovery through which the euro area ...

Sources of post-pandemic inflation in Germany and the euro area

... the euro area since the outbreak of the COVID19-pandemic is largely attributable to energy price shocks, food price shocks and supply ...

Economic developments and monetary policy in the euro area

The introduction of trade restrictions, under way for some time, accelerated after the pandemic ... chiefly attributed to the current account and ...

Global imbalances: what's new? - Banque de France

The 21st century started off with growing current account imbalances, followed by a contraction of these imbalances after the Global Financial Crisis [slide 4].

The effectiveness and transmission of monetary policy in the euro area

The pandemic and the subsequent energy shock triggered by Russia's unjustified invasion of Ukraine had asymmetric and time-varying effects on ...

Monetary Policy in the COVID Era and Beyond: the FED vs the ECB

Meanwhile, the European inflation narrative unfolds mainly as a manifestation of supply shocks—orchestrated by the interplay of supply chain disruptions ...

The longer-term fiscal challenges facing the European Union - Bruegel

The pandemic and subsequent price shocks triggered by Russia's invasion of Ukraine, have increased longer-term fiscal pressures in the European ...

The Euro Area in Between Crises? Considerations on Fiscal ...

Fiscal and monetary policy in the euro area acted jointly and forcefully during the COVID-19 pandemic. This allowed economic output to ...

Energy trade balances within the euro area (current prices

As the global economy faces a new, sharp energy shock amplified by the war in Ukraine, this study analyses developments in Italy's energy trade balance, ...

Normalizing monetary policy in Europe: way forward against ... - Eurofi

It is fairly widely accepted that the drivers of current inflation are related to the past crisis: energy prices, the initial shock of sharply declining prices.

What we can learn from Europe's response to the COVID-19 crisis

The economic shock was far more severe than initially anticipated. The IMF expects euro area GDP to contract by 10.2% in 2020, bouncing back ...

Post-Covid Inflation in Emerging Europe*

Emerging. European countries' post-Covid inflation surges depended on their exposure to energy prices based on the weight of energy in the ...