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Is the European Economy Turning the Corner?
Author(s) -
Greenslade Jenni,
Sentance Andrew
Publication year - 1997
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.00074
Subject(s) - turning point , unemployment , economics , optimism , sight , point (geometry) , economy , macroeconomics , psychology , social psychology , physics , astronomy , acoustics , period (music) , geometry , mathematics
The European economy looks bleak. Unemployment is hight. Growth over the recovery has been weak. And Germany – the powerhouse – is facing major economic difficulties. However, Jenni Greenslade and Andrew Sentance argue in this article that a turning point is in sight. Some of the depressing influences on recent European economic performance are fading. And there is plenty of capacity for growth without inflationary pressures emerging. It is time to show some cautious optimism about European economic prospects, though the problem of high unemployment is likely to take many years to erode.