TY - BOOK ID - 11260956 TI - Regional Economic Outlook, October 2011, Europe : Navigating Stormy Waters. PY - 2011 SN - 1616351284 1463972385 1463963858 9786613847249 146391072X 1283534797 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Economic forecasting -- Europe. KW - Europe -- Economic conditions. KW - Europe -- Economic policy. KW - Business & Economics KW - Economic History KW - Economic forecasting KW - Economic development KW - Development, Economic KW - Economic growth KW - Growth, Economic KW - Economic policy KW - Economics KW - Statics and dynamics (Social sciences) KW - Development economics KW - Resource curse KW - Banks and Banking KW - Exports and Imports KW - Labor KW - Macroeconomics KW - Public Finance KW - Finance: General KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Trade: General KW - Fiscal Policy KW - National Government Expenditures and Related Policies: General KW - Demand and Supply of Labor: General KW - Labour KW - income economics KW - International economics KW - Finance KW - Banking KW - Public finance & taxation KW - Expenditure KW - Labor markets KW - Fiscal consolidation KW - Exports KW - Fiscal policy KW - International trade KW - Imports KW - Financial crises KW - Banks and banking KW - Expenditures, Public KW - Labor market KW - Loans KW - United Kingdom UR - https://www.unicat.be/uniCat?func=search&query=sysid:11260956 AB - Following a strong showing in early 2011, the economies across Europe now face the prospect of a pronounced slowdown, as global growth has softened, risk aversion has risen, and strains in Europe's sovereign debt and financial markets have deepened, according to this issue of the Regional Economic Outlook for Europe. Downside risks are significant, and a further deepening of the euro area crisis would affect not only advanced Europe, but also emerging Europe, given its tight economic and financial ties. The policy stance in advanced Europe will need to be adapted to reflect the weakening and tense outlook, financial systems strengthened further, and a consistent, cohesive and cooperative approach to monetary union adopted by all euro area stakeholders. The cross-country experience in the past decade in Europe shows the difference that good policies can make in boosting growth, with some European countries having grown rapidly while others have stagnated. Escaping low-growth traps, through broad-based reforms that address macroeconomic imbalances and country-specific structural rigidities, is possible. ER -