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<p><span>The Executive Board of the International Monetary Fund (IMF) concluded the 2021 discussions on common euro area policies with member countries. </span></p>
Date Time
IMF Executive Board Concludes 2020 Discussions on Common Euro Area Policies with Member Countries
Washington, DC: On December 18, 2020, the Executive Board of the International Monetary Fund (IMF) concluded the 2020 discussions on common euro area policies with member countries. [1]
The COVID-19 pandemic has taken a significant human and economic toll. Euro area real GDP declined sharply in the first half of the year, though the unprecedented policy responses at the national and EU levels helped cushion the impact of the crisis-including by effectively limiting increases in unemployment and insolvencies-and supported a strong rebound in the third quarter. Going forward, the recent second wave and necessary measures to contain it are expected to weigh on economic activity in the near term. Unless pandemic dynamics change significantly in the coming months, economic activity is set to recover more gradually than forecast in the October 2020 World Economic Outlook. Inflat