Press releases

Euro Area recovery expected to strengthen

Based on the assumptions of continued monetary stimulus, more moderate fiscal restraint and an improving external environment, the EUROFRAME Group of ten European research institutes expects the recovery in the Euro Area to gradually strengthen and broaden this year and next.

Shale energy shapes global energy markets

Unconventional resources of crude oil and natural gas – shale energy – increased significantly in the US in the early 2000s, triggered by the strong rise in the price of crude oil and technical advances in production.

The Euro Area recession appears to be over – Finland’s GDPwill grow by 1.6 per cent in 2014

The euro area recession appears to be over, but growth will remain slow. Upturn began also in Finland in second quarter, but GDP for the year as a whole remains lower than in 2012. Finland’s GDP will fall 0.4 per cent in 2013 but grow by 1.6 per cent next year.

Which are the effects of a fiscal devaluation?

A fiscal devaluation is likely to have a small, short lived expansionary effect on employment and GDP, points out a study commissioned by European Comission’s Directorate-General for Taxation and Customs Union, and completed by a consortium of eight European research institutes, including ETLA, the Research Institute of the Finnish Economy.

Global growth continues to be slow – Finland’s GDP will grow by 0.3 % in 2013

The euro area recession has deepened, but the calming of the financial markets provides hope for the latter part of 2013. Finland’s GDP will grow by 0.3 per cent in 2013, while next year growth will accelerate to 1.8 per cent.

EUROFRAME Group: the Euro Area to see a further limited fall in GDP in 2013

Today sees the launch of the EUROFRAME Group’s latest report giving GDP and inflation projections for the Euro Area to 2014. The report also contains projections of key economic variables for the major EU countries. It analyses the economic effects on the Euro Area of the continuing financial uncertainty and the tight fiscal policy currently […]