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Mots-clés
Recession Growth Developed countries E - Macroeconomics and Monetary Economics/E.E3 - Prices, Business Fluctuations, and Cycles E - Macroeconomics and Monetary Economics/E.E4 - Money and Interest RatesSujets proches
Economically advanced nations Industrialized countries Industrial societies Industrialized nations Economically advanced countries First World Advanced countries Developed nations Advanced nations Industrial nations Industrial countriesCiter ce document
Xavier Timbeau et al., « The very great recession: Economic outlook updated for the major developed countries in 2012 », Archive ouverte de Sciences Po (SPIRE), ID : 10670/1.qynttm
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Résumé
The growth outlook for the developed countries, in Europe in particular, has deteriorated dramatically in recent weeks. The “voluntary and negotiated” devaluation of Greek sovereign debt securities, which is really nothing but a sovereign default, the wave of budget cuts being announced even as the budget bills are still debated, the inability of the European Union to mobilize its forces in the crisis – all these factors render the forecasts made two months ago obsolete. For many European countries,