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FEZ - Making The Euro Area More Resilient Before The Next Recession Hits
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By Shekhar Aiyar, deputy chief in the IMF's European Department; John Bluedorn is a senior economist in the Structural Reforms Unit of the IMF’s Research Department; Romain Duval is an advisor in the IMF's Research Department
Growth in the euro area rebounded earlier this year, but it remains fragile, while risks have increased. Now is a good time for euro area economies to strengthen their ability to weather any future economic difficulties.
A new IMF staff paper looks at the resilience of euro area countries and finds that they have had more frequent and severe