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Scarring effects of the pandemic on the global economy – …

WEBThe falloff in global investment stemming from the COVID-19 shock was short-lived and led to a slower accumulation of physical capital stock, although this was less pronounced …

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URL: https://www.ecb.europa.eu/press/economic-bulletin/focus/2021/html/ecb.ebbox202107_01~f8314090a4.en.html

Assessing the macroeconomic effects of climate change transition …

WEBPublished as part of the ECB Economic Bulletin, Issue 1/2024. This box gauges the macroeconomic impact of climate change policies aimed at reducing greenhouse gas …

Category:  Health Go Health

COVID-19 and the increase in household savings: an update

WEBThis box analyses the increase in euro area household savings since the start of the coronavirus (COVID-19) crisis. It provides an update of an earlier analysis of the drivers …

Category:  Coronavirus Go Health

The initial fiscal policy responses of euro area countries to the …

WEBAccording to the European Commission’s Autumn 2020 Economic Forecast, the euro area budget deficit is expected to increase from 0.6% of GDP in 2019 to 8.8% of GDP in 2020 …

Category:  Health Go Health

The euro as a global currency: a payments perspective

WEBThe average monthly value of euro‑denominated customer and interbank payments settled in T2 rose to more than €27.3 trillion in 2023, compared with €25.9 …

Category:  Health Go Health

The heterogeneous economic impact of the pandemic across euro …

WEBThe impact of the crisis was cushioned by substantial fiscal support provided by all euro area governments; though similar in terms of composition, the support was rather …

Category:  Health Go Health

Senior Environmental Sustainability, Health and Safety Banknote

WEBIn your role as Senior Environmental sustainability, health and safety Banknote Specialist, you will contribute to the work of a team of two to three members of …

Category:  Health Go Health

How does innovation lead to growth

WEBHow innovation leads to growth. New ideas and technologies are developed and applied, generating greater output with the same input. More goods and services are produced, …

Category:  Health Go Health

The role of supply and demand in the post-pandemic recovery in …

WEBThe role of supply and demand in the post-pandemic recovery in the euro area. 1 Introduction; 2 The role of demand; Box 1 A comparison of economic developments in …

Category:  Health Go Health

The impact of Brexit on UK trade and labour markets

WEBThe UK current account deficit has widened since the implementation of the TCA, mostly driven by developments in the goods balance. In the first quarter of 2022, the UK current …

Category:  Health Go Health

The economic implications of rising protectionism: a euro area and

WEBSteadily rising protectionism may well be an additional factor driving the decline in trade activity. From the end of the Second World War, tariffs followed a downward trend that …

Category:  Health Go Health

Key factors behind productivity trends in euro area countries

WEBSecond, on average across years and countries, total factor productivity (TFP) growth accounts for about 60% of labour productivity growth. By decomposing growth in GDP …

Category:  Health Go Health

An overview of the ECB’s monetary policy strategy

WEB1 Introduction. The new monetary policy strategy of the European Central Bank (ECB) was published on 8 July 2021. While the mandate is conferred upon the ECB by the Treaties, …

Category:  Health Go Health

European financial integration during the COVID-19 crisis

WEBThe agreement on the €540 billion safety net marked a breakthrough for the pan-European fiscal response to the COVID-19 crisis. The agreement on a three-pronged safety net …

Category:  Health Go Health

Structure of the euro area economy

WEBCompared with its individual member countries, the euro area is a large and much more closed economy. In terms of its share of global GDP, it is the world’s third-largest …

Category:  Health Go Health

Economic Bulletin Issue 2, 2024

WEBMeasures of longer-term inflation expectations remained broadly stable in February, with most standing at around 2%. The March 2024 ECB staff macroeconomic projections for …

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Benefits of price stability

WEBThat helps the economy to grow, in turn creating jobs and prosperity. Price stability has the following benefits. It allows us to avoid the inefficiency costs arising from the presence of …

Category:  Health Go Health

Economic Bulletin Issue 1, 2024

WEBAccording to Eurostat’s flash estimate of 1 February 2024, HICP inflation declined to 2.8% in January 2024. The advance estimate of US GDP for the fourth quarter of 2023 was …

Category:  Health Go Health

The Concept of Systemic Risk

WEBThe third form of systemic risk refers to the endogenous build-up of widespread imbalances in fi nancial systems over time, as in the case of a lending boom. The subsequent …

Category:  Health Go Health