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New Forecast: Financial crisis threatens employment and growth - policy response needed

In spring 2008, the outlook for euro area growth is overshadowed by the ongoing financial crisis and the question of how deep the US recession might become.The ELNEP forecasts euro area GDP growth to fall by a full percentage point to 1.6% in the current year. Private consumption will remain weak, hit by higher prices. All other main demand components will weaken. Growth will not pick up significantly until the end of 2009 at the earliest. The welcome fall in unemployment will come to a halt at 7.1%. more...

The ELNEP - A new labour-friendly network for economic policy advice in Europe

The ELNEP was founded in autumn 2006 to provide a counterweight to mainstream policy advice in Europe. The participating institutes identified a worrying lack of diversity in the European economic policy debate, which is biased heavily towards the supply-side, exhibits a knee-jerk preference for 'market' solutions over social institutions, and draws conclusions from the micro for the macro level and from national for European policies. more...