Documents economic growth 1 687 results

"Following a prolonged and broad-based stagnation, the EU economy resumed growth in the first quarter of this year. As projected in spring, the expansion continued at a subdued, yet steady, pace throughout the second and third quarters, amidst further abating inflationary pressures. The conditions for a mild acceleration of domestic demand appear in place, despite heightened uncertainty. This Autumn Forecast projects real GDP growth in 2024 at 0.9% in the EU and 0.8% in the euro area. For the EU, this is 0.1 pps. lower with respect to spring, while it is unchanged for the euro area. Growth in the EU is expected to pick up to 1.5% in 2025, as consumption is shifting up a gear and investment is set to rebound from the contraction of 2024. In 2026, economic activity is projected to expand by 1.8%, on the back of continued expansion of demand. Growth in the euro area is set to follow similar dynamics and attain 1.3% in 2025 and 1.6% in 2026. The disinflationary process that started towards end-2022 continued over the summer. Notwithstanding a slight pick-up in October, largely driven by energy prices, headline inflation in the euro area is set to more than halve in 2024, from 5.4% in 2023 to 2.4%, before easing more gradually to 2.1% in 2025 and 1.9% in 2026. In the EU, the disinflation process is set to be even sharper in 2024, with headline inflation falling to 2.6%, from 6.4% in 2023, and to continue easing to 2.4% in 2025 and 2.0% in 2026."

"A key feature of the European Union's Green Deal is its sustainable finance agenda, which seeks to bring sustainability considerations into the mainstream of financial decision-making, The aim is to direct financial flows towards the EU's transition to a sustainable economy, relying on the contributions of private capital. The paper suggests that relying so heavily on the financial market actors without fully challenging the capitalist logic by which the sector operates, and without putting in place effective incentives and sanctions to steer their sustainability performance, is little more than a ‘nudge' and is unlikely to ensure that the desired goals will be achieved. What we value and how we value are central considerations for sustainability. A more inclusive regulatory framework that embraces the priorities is required as is the participation of other stakeholders whose relationships with the environment and nature are more profound than measuring only for the sake of financial returns."

This work is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/).

"This book investigates the role that foreign direct investment (FDI) in central-eastern and southern Europe has played in the post-crisis period, comparing patterns across countries and sectors.
An overarching objective of this publication is to assess the extent to which FDI can still be seen as a key driver of economic development, modernisation and convergence for Europe's low- and middle-income economies, taking into account also the risks and limiting factors associated with FDI."

"As in the two previous editions of Think Global – Act European (TGAE), coordinated by Notre Europe, this report focuses on the medium-term, covering the Polish, Danish and Cypriot Trio Presidency, which will run from July 2011 to December 2012.

Such a focus allows for an in-depth analysis of the Trio's role, both front-stage and back-stage, as it develops in the context of the Lisbon Treaty's implementation. Accordingly, the authors of this report, coming from 16 European think tanks, take stock of the initiatives adopted during the past Trio Presidency, identify emerging challenges and formulate concrete short- to medium-term proposals aiming for rapid policy-progress.

Overall, the 18-month time frame to which each new edition of TGAE is devoted produces, from one report to the next, a comprehensive chronological picture of the EU's development."

"This new ToUChstone pamphlet challenges the neo-liberal assumption that economic success is contingent upon weakly regulated labour markets. Based on an extensive evidence review of the economic literature, it demonstrates that the case for unfettered free markets has been badly discredited and that fairer rights for workers are compatible with economic success - as well as bringing far better social outcomes.
The authors (Stewart Lansley and Howard Reed) prove that despite the siren voices from the business lobby, fair regulation is an essential part of modern labour markets. If economic policy was based on evidence, the UK would be making immediate moves towards a new model - promoting both growth and fairness."

"The distinctive feature of this book is that it provides a unified framework for the analysis of short- and medium-run macroeconomics. This gives students a model that they can use themselves to understand a wide range of real-world macroeconomic behaviour and policy issues. The authors introduce a new graphical model (IS/PC/MR) based on the 3-equation New Keynesian model used in modern macroeconomics. The three equations are BL the IS curve BL the Phillips curve and BL an interest rate-based monetary policy rule. The use of a common framework throughout for closed and open economies helps readers develop the economic intuition with which to address a diversity of macroeconomic problems. Applied chapters show how the models can be used to analyse performance in OECD economies over the past twenty-five years. The chapters on growth present an in-depth coverage of the Solow-Swan, endogenous and Schumpeterian models that allow the reader to understand how these approaches can be used to answer the big questions of growth: why some countries are rich and others, poor; why some catch up and others do not. Since the book is based on the mainstream 3-equation model used at the research frontier, the book gives students the economics background necessary for accessing advanced macroeconomics. It is also designed to appeal to graduate students, non-specialists in macroeconomics, professional economists and those from related disciplines who want a guide to the complexities of modern macroeconomics and to understand contemporary policy debates. Online Resource Centre For lecturers: password-protected solutions and diagrams from the text. For students: exercises and checklist questions. "

"The number of short-time workers from January to April 2020 is used to now- and forecast quarterly GDP growth. We purge the monthly log level series from the systematic component to extract unexpected changes or shocks to log short-time workers. These monthly shocks are included in a univariate model for quarterly GDP growth to capture timely, current-quarter unexpected changes in growth dynamics. Included shocks additionally explain 24% in GDP growth variation. The model is able to forecast quite precisely the decrease in GDP during the financial crisis. It predicts a mean decline in GDP of 5.7% over the next two quarters. Without additional growth stimulus, the GDP level forecast remains persistently 4% lower in the long run. The uncertainty is large, as the 95% highest forecast density interval includes a decrease in GDP as large as 9%. A recovery to pre-crisis GDP level in 2021 lies only in the upper tail of the 95% highest forecast density interval."

"The coronavirus has crippled the world economy. Global GDP suffered its sharpest drop since the end of the second world war in 2020, millions were unemployed or furloughed, and governments pumped trillions of dollars into their economies to prevent greater damage.
Nevertheless, a 2021 recovery is very uncertain. China's economy is growing strongly again, but many of the world's richest nations may not fully rebound until 2022 at the earliest."

"The COVID-19 pandemic will cast a long shadow over the world's economies and the economic outlook is very uncertain. This issue of the OECD Economic Outlook analyses the impacts of COVID-19 on the economy and puts forward projections for output, employment, prices, fiscal and current account balances.

This issue includes a general assessment of the macroeconomic situation, a series of notes on the current policy challenges related to the COVID-19 pandemic and a chapter summarising developments and providing projections for each individual country. Coverage is provided for all OECD members as well as for selected partner economies."

"Moving to a post-growth economic paradigm requires research to identify compelling ways to more effectively communicate the key ideas of this transition to the public. This study uses framing theory to examine the effects of four message frames about transitioning to an economic paradigm not centered on economic growth. The four message frames were: environmental gain, environmental loss, well-being gain and well-being loss. The environmental loss frame generated more negative emotions, while the well-being gain frame produced more agreement with the message and more positive emotional reactions. While this study did not find evidence that the frames influenced participant's attitudes, it did confirm that the messages elicited frame-consistent thoughts, pointing to the importance of being strategic and deliberate in the frames selected for communicating post-growth ideas to the public. This study also examined initial reactions towards different economic terms that are increasingly being used to describe this transition. We found that the green economy was perceived as favourably as economic growth, indicating public support towards macroeconomic models that embed sustainability objectives. The appeal of terms like sustainable degrowth were more nuanced and mixed than what is usually suggested in academic debates."