The global economy continues to run at low speed and many countries, particularly in Europe, seem unable to overcome the legacies of the crisis. With high unemployment, high inequality and low trust still weighing heavily, it is imperative to swiftly implement reforms that boost demand and employment and raise potential growth.

The number of employed persons In the Euro Area increased to 160.58 Million in the fourth quarter of 2019 from 160.15 Million in the third quarter of 2019. Employed Persons in the Euro Area averaged 137.69 Million from 1980 until 2019, reaching an all time high of 160.58 Million in the fourth quarter of 2019 and a record low of 117.36 Million in the second quarter of 1984. in the Euro Area, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides the latest reported value for - Euro Area Employed Persons - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government Debt In the Euro Area increased to 9859512.70 EUR Million in 2018 from 9760551 EUR Million in 2017. Government Debt in the Euro Area averaged 6776424.73 EUR Million from 1995 until 2018, reaching an all time high of 9859512.70 EUR Million in 2018 and a record low of 4072618.10 EUR Million in 1995. This page provides - Euro Area Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Big changes are needed to strengthen the capital positions of euro area banks. European banks remain at the heart of the euro area crisis. Despite actions to strengthen banks and build a banking union, confidence in the euro area banking system remains weak, and is likely to remain so until underlying concerns over low capitalisation of some banks are addressed.

The global economy continues to run at low speed and many countries, particularly in Europe, seem unable to overcome the legacies of the crisis. With high unemployment, high inequality and low trust still weighing heavily, it is imperative to swiftly implement reforms that boost demand and employment and raise potential growth.

Restoring competitiveness is one of the key challenges to bring European economies back on a path of strong, sustainable and balanced growth. Europe could improve its growth prospects by implementing a strategic reform agenda with a broad range of policy reforms to increase productivity, dynamism and employment.

The euro area crisis finds its roots in the credit booms seen in many countries following the introduction of the euro in 1999. Easy credit led to strong growth in a range of sectors, notably housing, as well as higher levels of public spending. Inflation in these over-heating economies was higher than the euro area as a whole. Rising prices led to rising costs and a loss of international competitiveness.

Big changes are needed to strengthen the capital positions of euro area banks. European banks remain at the heart of the euro area crisis. Despite actions to strengthen banks and build a banking union, confidence in the euro area banking system remains weak, and is likely to remain so until underlying concerns over low capitalisation of some banks are addressed.

The Slovak economy experienced a strong but short recession in 2009. The recovery afterwards was driven by exports and investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment remains stubbornly high.

A simple econometric framework is presented linking current account balances of euro area countries to intra and extra euro area competitiveness, cyclical positions, fiscal positions and the oil price.

After five years of work at every level to correct the fiscal, financial and external imbalances that led to the crisis, and to reinforce fiscal and financial institutions, the Euro Area is beginning to show signs of recovery. But, despite these positive signs, growth is still weak and uneven.

The Czech economy is finally coming out of a prolonged recession but must take further steps to speed up income convergence towards the euro area countries, according to the OECD’s latest Economic Survey of the Czech Republic.

People’s well-being has generally progressed since the early 20th century across a large part of the world, according to new research published by a consortium of economic historians (CLIO-INFRA) and produced in collaboration with the OECD and OECD Development Centre.

Modest global economic forecasts, continuing high unemployment, and downshifts in potential output,should spur governments with a greater sense of urgency to fully employ monetary, fiscal and structural policy levers to support growth, notably in Europe, according to the OECD’s latest Economic Outlook.

The global economy continues to run at low speed and many countries, particularly in Europe, seem unable to overcome the legacies of the crisis. With high unemployment, high inequality and low trust still weighing heavily, it is imperative to swiftly implement reforms that boost demand and employment and raise potential growth.

Much of the convergence of the Latvian economy needs to come from productivity increases. To achieve this, policy makers should do more to facilitate the integration of the economy into global trade and promote competitive business environment.

Norwegian policy gives high priority to supporting rural communities, with support for agriculture receiving particular attention. It is broadly successful in terms of maintaining rural communities, and urban-rural gaps in a range of well-being indicators are comparatively narrow.

The euro area sovereign debt crisis highlighted important weaknesses in the euro area design. Fiscal policy did not build sufficient buffers before the crisis, which forced some countries to tighten fiscal policy too rapidly during the downturn to restore market confidence in sovereign borrowing.

The paper examines the possible design and macroeconomic stabilisation properties of a euro area unemployment benefits re-insurance scheme using annual historical data from 2000 to 2016.

The discussion about a fiscal stabilisation capacity as a way of providing more fiscal integration in the euro area has strengthened in the aftermath of the European sovereign debt crisis.

Imports In the Euro Area decreased to 166261.20 EUR Million in February from 182185.40 EUR Million in January of 2020. Imports in the Euro Area averaged 124729.35 EUR Million from 1999 until 2020, reaching an all time high of 196173.20 EUR Million in October of 2018 and a record low of 55698.40 EUR Million in January of 1999. Euro Area main imports are energy, manufactured goods and machinery. Main imports partners are China (12 percent of total imports) and United Kingdom (10 percent). Others include: United States, Russia, Switzerland and Japan. The biggest importers within the Euro Area are Germany, Italy, France and Netherlands. This page provides the latest reported value for - Euro Area Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Chicago is at a tipping point: despite economic strengths, it faces considerable challenges to compete in the “Premier League” of world-class cities, warns the OECD’s review of the Chicago Tri-State Metropolitan Region.

This report compares urbanisation trends on the basis of a common methodology which helps cross-country comparison of the socio-economic and environmental performance of metropolitan areas in 28 OECD countries.

Italy’s policy of fiscal consolidation and growth-friendly structural reforms has substantially improved its economic prospects, but the adverse sentiment that the country has faced in the sovereign bond market over the past years has deep roots.

The metropolitan region of Aix-Marseille in the south of France needs to tackle its fragmentated governance if it is to return to more inclusive and sustainable economic growth, according to a new OECD report.

Using panel data for OECD countries, this study investigates the extent to which changes in government spending on education, health and other areas influence long-term growth.

To achieve a euro area fiscal stance that fosters the recovery, countries with fiscal space under the Stability and Growth Pact rules should use budgetary support to raise growth, and existing incentives and flexibility should be taken advantage of to pursue reforms of tax and spending policies.

Household Saving Rate In the Euro Area remained unchanged at 13.04 percent in the fourth quarter of 2019 from 13.04 percent in the third quarter of 2019. Personal Savings in the Euro Area averaged 12.83 percent from 1999 until 2019, reaching an all time high of 14.18 percent in the first quarter of 1999 and a record low of 11.43 percent in the first quarter of 2018. This page provides the latest reported value for - Euro Area Personal Savings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production In the Euro Area decreased 1.90 percent in February of 2020 over the same month in the previous year. Industrial Production in the Euro Area averaged 1.01 percent from 1991 until 2020, reaching an all time high of 9.70 percent in August of 2000 and a record low of -21.30 percent in April of 2009. in the Euro Area, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - Euro Area Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Employment In the Euro Area increased by 0.30 in December of 2019. Employment Change in the Euro Area averaged 0.21 percent from 1995 until 2019, reaching an all time high of 0.70 percent in the first quarter of 2000 and a record low of -0.80 percent in the first quarter of 2009. in the Euro Area, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment. This page provides the latest reported value for - Euro Area Employment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production In the Euro Area decreased 0.10 percent in February of 2020 over the previous month. Industrial Production Mom in the Euro Area averaged 0.08 percent from 1990 until 2020, reaching an all time high of 3.20 percent in January of 2016 and a record low of -4.10 percent in January of 2009. in the Euro Area, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - Euro Area Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Euro Area recorded a Government Budget deficit equal to 0.60 percent of the country's Gross Domestic Product in 2019. Government Budget in the Euro Area averaged -2.76 percent of GDP from 1995 until 2019, reaching an all time high of -0.50 percent of GDP in 2018 and a record low of -7.30 percent of GDP in 1995. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Euro Area Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Housing Starts in Russia increased to 5.30 Million Sq Meter in March from 4.60 Million Sq Meter in February of 2020. Housing Starts in Russia averaged 4.59 Million Sq Meter from 1996 until 2020, reaching an all time high of 19.70 Million Sq Meter in December of 2014 and a record low of 0.40 Million Sq Meter in January of 1996. In Russia, Housing Starts is measured by the total area of started constructions. This page provides the latest reported value for - Russia Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Euro Area recorded a government debt equivalent to 84.10 percent of the country's Gross Domestic Product in 2019. Government Debt to GDP in the Euro Area averaged 77.94 percent from 1995 until 2019, reaching an all time high of 92.80 percent in 2014 and a record low of 65.90 percent in 2007. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides the latest reported value for - Euro Area Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages In the Euro Area increased 2.30 percent in December of 2019 over the same month in the previous year. Wage Growth in the Euro Area averaged 1.88 percent from 2009 until 2019, reaching an all time high of 3.40 percent in the second quarter of 2009 and a record low of 0.80 percent in the third quarter of 2010. In the Euro Area, wage growth refers to the change in the total remuneration, in cash or in kind, payable to all persons counted on the payroll (including home workers), in return for work done during the accounting period, regardless of whether it is paid on the basis of working time, output or piecework and whether it is paid regularly. This page provides the latest reported value for - Euro Area Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Mining production In the Euro Area decreased 11.20 percent in January of 2020 over the same month in the previous year. Mining Production in the Euro Area averaged -1.78 percent from 1990 until 2020, reaching an all time high of 42.30 percent in September of 1990 and a record low of -27.90 percent in April of 2009. This page provides the latest reported value for - Euro Area Mining Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages In the Euro Area increased to 1887 EUR/Month in the third quarter of 2019 from 1869 EUR/Month in the second quarter of 2019. Wages in the Euro Area averaged 1528.05 EUR/Month from 1999 until 2019, reaching an all time high of 1887 EUR/Month in the third quarter of 2019 and a record low of 1176 EUR/Month in the first quarter of 1999. This page provides the latest reported value for - Euro Area Average Monthly wage per person - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Core Consumer Prices In the Euro Area increased to 104.49 points in March from 103.31 points in February of 2020. Core Consumer Prices in the Euro Area averaged 90.64 points from 1996 until 2020, reaching an all time high of 104.83 points in October of 2019 and a record low of 75.10 points in January of 1996. This page provides the latest reported value for - Euro Area Core Consumer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Exports In the Euro Area increased to 189297.90 EUR Million in February from 183916.80 EUR Million in January of 2020. Exports in the Euro Area averaged 131493.71 EUR Million from 1999 until 2020, reaching an all time high of 218658.20 EUR Million in October of 2019 and a record low of 53045.90 EUR Million in January of 1999. Euro Area main exports are machinery, vehicles and other manufactured goods (65 percent of total exports), chemicals, food and energy. Euro Area main exports partners are United States (13 percent of total exports) and United Kingdom (12 percent). Others include: China, Russia, Switzerland and Turkey. The biggest exporters within the Euro Area are Germany, France, Italy and Netherlands. This page provides the latest reported value for - Euro Area Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

External Debt In the Euro Area decreased to 14517167.75 EUR Million in the fourth quarter of 2019 from 15089197.68 EUR Million in the third quarter of 2019. External Debt in the Euro Area averaged 11359172.15 EUR Million from 2004 until 2019, reaching an all time high of 15089197.68 EUR Million in the third quarter of 2019 and a record low of 5501622 EUR Million in the first quarter of 2004. This page provides - Euro Area External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Home Ownership Rate In the Euro Area increased to 66.20 percent in 2018 from 66.10 percent in 2017. Home Ownership Rate in the Euro Area averaged 67.60 percent from 2005 until 2018, reaching an all time high of 71.90 percent in 2009 and a record low of 64 percent in 2005. This page provides the latest reported value for - Euro Area Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Car Registrations In the Euro Area decreased to 374.95 Thousand in March from 859.26 Thousand in February of 2020. Car Registrations in the Euro Area averaged 888.31 Thousand from 1990 until 2020, reaching an all time high of 1146.83 Thousand in August of 2018 and a record low of 374.95 Thousand in March of 2020. This page provides the latest reported value for - Euro Area Car Registrations - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing Production In the Euro Area decreased 1.40 percent in January of 2020 over the same month in the previous year. Manufacturing Production in the Euro Area averaged 1.14 percent from 1992 until 2020, reaching an all time high of 10 percent in February of 2011 and a record low of -21.70 percent in April of 2009. This page provides - Euro Area Manufacturing Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Construction output In the Euro Area decreased 0.90 percent in February of 2020 over the same month in the previous year. Construction Output in the Euro Area averaged -0.22 percent from 1996 until 2020, reaching an all time high of 18.40 percent in February of 2000 and a record low of -22.60 percent in February of 1996. The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering. This page provides the latest reported value for - Euro Area Construction Output - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gold Reserves In the Euro Area decreased to 504.77 Tonnes in the fourth quarter of 2019 from 504.80 Tonnes in the third quarter of 2019. Gold Reserves in the Euro Area averaged 595.75 Tonnes from 2000 until 2019, reaching an all time high of 766.88 Tonnes in the first quarter of 2001 and a record low of 501.45 Tonnes in the second quarter of 2009. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Euro Area Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Trade Balance Extra Ea18 - Energy In the Euro Area increased to -15861.60 EUR Million in February from -20192.30 EUR Million in January of 2020. Trade Balance Extra Ea18 - Energy in the Euro Area averaged -17725.63 EUR Million from 1999 until 2020, reaching an all time high of -3479.80 EUR Million in February of 1999 and a record low of -33381.50 EUR Million in March of 2012. This page includes a chart with historical data for Euro Area Trade Balance Extra Ea18 - Energy.

Trade Balance Extra-Ea18 - Consumer Goods (Excl.Transport Eqp.) In the Euro Area decreased to 3466.20 EUR Million in January from 6522.40 EUR Million in December of 2019. Trade Balance Extra-Ea18 - Consumer Goods (Excl.Tr in the Euro Area averaged 2201.33 EUR Million from 1999 until 2020, reaching an all time high of 9185.40 EUR Million in March of 2018 and a record low of -3083.50 EUR Million in January of 2009. This page includes a chart with historical data for Euro Area Trade Balance Extra-ea18 - Consumer Goods (excl.t.

Trade Balance Extra-ea18 - Consumer Goods In the Euro Area decreased to 9454.50 EUR Million in January from 11074.80 EUR Million in December of 2019. Trade Balance Extra-ea18 - Consumer Goods in the Euro Area averaged 8240.96 EUR Million from 1999 until 2020, reaching an all time high of 18249.90 EUR Million in July of 2015 and a record low of -782.50 EUR Million in January of 2009. This page includes a chart with historical data for Euro Area Trade Balance Extra-ea18 - Consumer Goods.

Trade Balance Extra Ea18 - Chemicals In the Euro Area decreased to 15283.40 EUR Million in February from 15595.90 EUR Million in January of 2020. Trade Balance Extra Ea18 - Chemicals in the Euro Area averaged 8489.58 EUR Million from 1999 until 2020, reaching an all time high of 17954.10 EUR Million in October of 2019 and a record low of 2317.30 EUR Million in January of 1999. This page includes a chart with historical data for Euro Area Trade Balance Extra Ea18 - Chemicals.

Trade Balance Extra-Ea18 - Capital Goods (Unit Value Index) In the Euro Area increased to 95.80 points in January from 94.80 points in December of 2019. Trade Balance Extra-Ea18 - Capital Goods (Unit Val in the Euro Area averaged 97.18 points from 2000 until 2020, reaching an all time high of 106.60 points in August of 2008 and a record low of 88.30 points in October of 2000. This page includes a chart with historical data for Euro Area Trade Balance Extra-ea18 - Capital Goods (unit Va.