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www.fh-joanneum.at
MANAGEMENT
Challenges and Strategy –
The Euro Area:
Emerging from the Crisis
Prof. Vito Bobek
University of Apllied Sciences FH Joanneum
Applied Summer School
Business in Europe
www.fh-joanneum.at
MANAGEMENT
The current economic situation in the euro
area
www.fh-joanneum.at
MANAGEMENT
GDP growth: deep recession, fragile recovery
-5
-4
-3
-2
-1
0
1
2
3
4
2006
2007
2008
2009
2010
2011
2012
Euro area (16 countries)
United States
%
Source: OECD, IMF
3
GDP growth: deep recession, fragile recovery
www.fh-joanneum.at
MANAGEMENT
Unemployment: stable, but still too high
%
0
2
4
6
8
10
12
2004
2005
2006
2007
2008
2009
2010
Euro area (16 countries)
United States
Source: Eurostat, IMF
4
Unemployment: stable, but still too high
www.fh-joanneum.at
MANAGEMENT
Inflation: if anything, too low?
Source: Eurostat, IMF
%
-1
-0.5
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
2004
2005
2006
2007
2008
2009
2010
Euro area (16 countries)
United States
5
Inflation: if anything, too low?