VoxEU Talk

The impact of the crisis on European firms

László Halpern of the Institute of Economics of the Hungarian Academy of Sciences talks to Viv Davies about a forthcoming report on the impact of the crisis on European business. The report finds considerable heterogeneity across countries and firms - for example, exporters contracted more than non-exporters, while importers suffered less of a decline - and highlights the policy trade-off between the benefits of export-oriented strategies versus outsourcing. The interview was recorded in Nottingham on 7 June 2011.