Euro Area Policies: 2024 Annual Consultation-Press Release; Staff Report; and Statement by the Executive Director for Member Countries
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
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.
Series:
Country Report No. 2024/248
Subject:
Central bank policy rate Consumption Energy prices Environment Financial sector policy and analysis Financial sector stability Financial services Greenhouse gas emissions Inflation Labor Labor markets National accounts Prices
Frequency:
regular
English
Publication Date:
July 30, 2024
ISBN/ISSN:
9798400283574/1934-7685
Stock No:
1EUREA2024001
Format:
Paper
Pages:
100
Please address any questions about this title to publications@imf.org