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Is Europe’s Productivity Glass Half Full or Half Empty?

Bart van Ark, Klaas de Vries, Kirsten Jäger, (2018) “Is Europe’s Productivity Glass Half Full or Half Empty?”, Intereconomics, March/April

The global economic and financial crisis left the European economy in dire straits for almost a decade between 2008 and 2016. Despite the recent growth strengthening, which has brought average GDP growth rates for the euro area and the EU as a whole about back to their pre-crisis levels, it is too early to speak of a structural growth resurgence. Unemployment is still relatively high, and there are still sizeable output gaps as well as labour slack in several European economies.

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