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Destocking in the Euro Area

Published online by Cambridge University Press:  26 March 2020

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Extract

Recession in the Euro Area continues. The contraction in the fourth quarter of 2008 was much sharper than that observed in the previous quarter. The Euro Area economy shrank by 1.6 per cent on a quarterly basis as compared to a decline of 0.3 per cent in the third quarter of 2008. Early 2009 has seen further decreases in economic activity in the single currency block.

Type
Articles
Information
National Institute Economic Review , Volume 208: Ten Years of EMU , April 2009 , pp. 26 - 38
Copyright
Copyright © 2009 National Institute of Economic and Social Research

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References

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