Summary of Who needs more integration anyway?

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Since the global financial crisis, efforts by the European Union to undergird the region’s financial infrastructure have borne fruit, with economic recovery likely to persist through the 2018–2022 time horizon. But, according to this informative analysis from the Economist Intelligence Unit, calls for further euro-zone fiscal union will not reduce the actual risks threatening the single-currency area. getAbstract recommends this erudite and relevant report to policy experts and economists.

In this summary, you will learn

  • How the euro-zone economy is improving,
  • How structural reforms have provided policy makers with tools to manage future financial crises and
  • What risks remain to the euro area as an economic bloc.
 

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

Economic indicators bode well for the future of the euro zone. In 2015–2016, average annual GDP growth reached 1.8% and jumped to 2.3% in 2017’s second quarter. A healthier employment situation is driving the advance: The jobless rate declined from 12.1% early in 2013 to 9.1% as of mid-2017. An accommodative European Central Bank (ECB) has supported the single currency and stimulated the economy, enabling businesses and households to deleverage. A run of low oil prices in 2014 and 2015 put more money in consumers’ pockets, and housing and construction have rebounded. Analysts expect that remaining economic slack will fuel sustainable growth in 2018 and through 2022.  


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