Europe’s economic crisis: some ideas for recovery and growth

Call to Europe III, Conference paper on innovation and growth in Europe

Stephany Griffith-Jones, Matthias Kollatz-Ahnen

The eurozone had been contracting for eighteen months since the second half of 2011. Though recent news is better, the European Central Bank projects Eurozone GDP will decline by 0.6% in 2013. The UK economy is not doing much better in terms of economic growth. Future growth is further threatened by the sharp fall in investment, especially pronounced in the UK and Southern Europe.