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The Shadow Economy in Europe 2013 by Claudiu Marius R is a document available to read on EtoBox.

What is The Shadow Economy in Europe 2013 about?

The document discusses the shadow economy in Europe. It estimates the shadow economy in Europe in 2013 was worth over €2.1 trillion, or 18.5% of economic activity on average across Europe. The shadow economy is fueled by cash transactions, lack of transparency, and limited enforcement. The size of the shadow economy tends to increase during economic downturns as people engage in unreported work or underreporting income to improve their finances.

Author

Claudiu Marius R

Language

EN