Navigation path

A More Normal World?

Moreno Bertoldi, Annika Melander and Valérie Rouxel Laxton

A More Normal World?pdf(240 kB) Choose translations of the previous link 

The US, Japan and China appear to be heading towards a "new normal". However, the 2014-16 period will be critical to ensure that global growth is put on a sustainable path as ample challenges persist. The brief will first discuss what the new manual would look like in the US, Japan and China. It also analyses the downside risks and the challenges related to the transition to the new normal. The possible implications of the paths followed by these countries to move to a "new normal" for the growth outlook of the European Union and the Euro Area is briefly discussed in the final part of this brief.

(ECFIN Economic Briefs. 36. July 2014. Brussels. pdf. 11pp. Graph. Bibliogr. )

KC-AY-14-036-EN-N (online)
ISBN 978-92-79-35340-6 (online)
ISSN 1831-4473
doi:10.2765/73018 (online)

JEL classification: E2, E4, E6

ECFIN economic briefs are occasional working papers by the European Commission’s Directorate-General for Economic and Financial Affairs which provide background to policy discussions.

Additional tools

  • Print version 
  • Decrease text 
  • Increase text