Report on the European Economy 2005

This is the fourth annual report of the European Economic Advisory Group (EEAG) at CESifo. CESifo is one of the world's largest research networks of professional economists incorporating more than 430 university professors from 24 countries. Its home base includes the Ifo Institute for Economic Research and the Center for Economic Studies (CES) of Ludwig Maximilian's University, Munich, with about 90 researchers in all fields of economics. The aim of this report is to comment on the state and prospects of the European economy. With the support of the Ifo Institute it provides a European business forecast and discusses topical economic issues which are of general interest to policy makers, managers, academics and the European public in general.

This year's report centres on increasing work time, housing, pensions and outsourcing, all topics of vital interest for Europe.