The European Union in global economic growth Cover Image

Rola Unii Europejskiej w światowym wzroście gospodarczym
The European Union in global economic growth

Author(s): Magdalena Majchrzak
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: SOCIAL POLICY; CHILDREN POVERTY

Summary/Abstract: The International Monetary Fund forecasts economic growth for the euro area at 1.3% of GDP in 2011 and for the whole EU at 2.3%. Relatively low economic growth will result from the necessary drastic reductions in spending, which inhibit the expansion of the economy, and the effects of Greek, Irish, Portuguese and Spanish crisis. So far, a similar philosophy of the United States and the euro zone has been sufficient to prevent a big recession. In the second decade of the twenty-first century both sides are overwhelmed by domestic problems that they want to solve in a different way which does not favour the international cooperation and financial markets. The dilemma can be the mild monetary policy of the United States and the fears of insolvency of the states from the euro area. A different economic policy in the United States and the euro area may refer to the party capital in the countries of the “3G” Group.

  • Issue Year: 2011
  • Issue No: 166
  • Page Range: 405-413
  • Page Count: 9
  • Language: Polish
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