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Quarterly Report on the Euro Area (QREA)

European Commission, (2015), “Quarterly Report on the Euro Area (QREA)”, Vol. 14, No. 3, Instituional Paper 010,  October

Seven years since the beginning of the global financial crisis, the euro area’s recovery remains subdued and fragile. This is despite improved framework conditions for growth since 2014, notably in terms of fiscal and monetary policy stances. To better understand the key features of the current recovery, this chapter presents a comparison of recent economic developments in the euro area with  similar cyclical episodes in the euro area over the past three decades and recent developments in other advanced countries. This  combination of historical and cross-country perspectives sheds some light on the specific forces
currently holding down growth in the euro area.

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