Economic Survey - Euro area 2004: Regions at work
The OECD assessment and recommendations on the main economic challenges faced by the Euro area are available by clicking on each chapter heading below.
Outlook and challenges
The key challenges for economic policy are: to raise economic growth and resilience to shocks; to foster cohesion among countries and regions; and to ensure sustainable public finances.Managing the single currency
A recovery is underway, but monetary policy should remain accommodative as long as the medium-term inflation outlook remains favourable.Fiscal co-ordination at the crossroads
Fiscal co-ordination is under stress, and support for the fiscal framework has been diluted. A repeat of past fiscal policy mistakes must be avoided.
One money, one cycle?
Swift inter country adjustment is crucial for the area’s resilience. Structural policies could help to generate faster adjustment.
Regions at work
The convergence of living standards across the area has been slow. A single market for services is needed, financial services better integrated. The conditions for innovation and diffusion should be improved and labour markets become more integrated and flexible. Regional policy could be better focused.
A printer-friendly Policy Brief (pdf format) may also be downloaded. The Policy Brief contains the OECD assessment and recommendations, but does not include all of the charts available from the above pages.
-------------------------------------------------------
The full edition of the OECD Economic Survey for the Euro area is available from:
Related Documents