EIU chief economist says don’t expect “Growth Policy Talk” in Eurozone to gain traction

The EIU chief economist, Robin Bew, says quote: “With the euro zone mired in recession and unemployment at record highs, the debate over the wisdom of fiscal austerity has intensified. Many now believe that the “austerity first” approach has backfired, exacerbating the economic downturn. Could these doubts prompt a shift towards more pro-growth policies? While some modest policy adjustments seem possible at the margins—for example, countries may get more time to reduce their budget deficits—we believe that the extent of any change is likely to be limited. For all the talk about the need to promote economic growth as the cure for Europe’s debt problems, expect the status quo to continue with only a few exceptions.” (Source)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s