Has the Great Recession harmed the long-term growth prospects of the Eurozone economy?

Philippe Weil interviewed by Viv Davies, 20 Jun 2014

The CEPR Business Cycle Dating Committee recently concluded that there is not yet enough evidence to call a business cycle trough in the Eurozone. Instead, the committee has announced a 'prolonged pause' in the recession. This Vox Talk discusses the possible directions that this situation could lead to and questions whether the Great Recession has harmed the Eurozone’s long-term growth prospects to the extent that meagre growth could become the 'new normal'.

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See Also

CEPR Business Cycle Dating Committee (2014), "Eurozone mired in recession pause", VoxEU.org, 17 June.

CEPR Business Cycle Dating Committee (2014), "Euro Area Mired in Recession Pause", www.cepr.org, 11 June.

 

Transcript

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Topics: Europe's nations and regions, Global crisis
Tags: business cycle dating, business cycles, CEPR, eurozone, expansion, GDP, growth, peak, recession, trough

President of OFCE, Professor of Economics at Sciences Po and ULB; CEPR Research Fellow