European recovery may be stronger than previously thought
If great recession and sovereign debt crisis are considered single shock, “recovery is in line with – or better than – historical patterns”
European economic recovery may not be slower than the historical average, according to new research.
If the double-dip recession caused by the global financial crisis from 2008–09 and the sovereign debt crisis of 2010–12 are considered one single shock, the recovery is already within historical patterns, researchers say.
Credit Growth and Economic Recovery in Europe After the Global Financial Crisis, published by the International Monetary Fund, studies how bank credit to the private sector
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