Euro countries recovered from crisis at different paces
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201805171560
Following the steep contraction caused by the financial crisis, there have been substantial differences in economic performance across the different countries in the euro area. Some countries experienced a double recession from which recovery has been slow. In others, the economy picked up at a steady pace, and in some cases actually rather quickly. The stressed economies in the euro area have also recovered at varying speeds. Healthy economic structures seemed to have facilitated a speedier recovery. At the moment, the four largest euro area economies are growing at a rate above their potential output. Nevertheless, their long-term growth prospects differ from each other.