Staff Report On The Monetary And Exchange Rate Policies Of The Euro Area And The Trade Policies Of The European Union
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Euro Area
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 56 |
Release | : 2000-11-09 |
Genre | : Business & Economics |
ISBN | : 1451812965 |
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For the time being—and possibly for a considerable time to come—developments and prospects for the euro area are quite favorable. This upbeat outlook is underpinned by buoyant activity indicators and a supportive policy mix. High household and business confidence, rising capacity utilization and industrial production, strong job creation, and—so far—employment-friendly wage settlements point to sustained activity in the near term. Moreover, the macroeconomic fundamentals in the euro area appear much sounder than in previous recoveries.
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