Eurozone fiscal policies grew real GDP, dampened inflation – ECB
However, Covid-era policies led to higher deficits and debt in years following pandemic, research finds
Eurozone governments’ efforts to support economies through the pandemic and the subsequent shocks were effective at fostering growth and fighting inflation, a study from the European Central Bank shows. However, the authors add that the ramifications are still being felt in higher deficits.
In a blogpost today (April 28), ECB researchers Elena Angelini, Krzysztof Bańkowski, Cristina Checherita-Westphal, Philip Muggenthaler-Gerathewohl and Srečko Zimic find that when governments raised spending
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