Pantheon Macroeconomics - The Eurozone has a productivity problem. Between 1997 and 2007, labour productivity rose an average 1.2% year-over-year, but this rate has slowed to a crawl--a mere 0.5%--since the crisis. These data tell an important story about the peaks in EZ GDP growth over the business cycle. Before the financial crisis in 2008, cyclical peaks in Eurozone GDP growth were as high as 3%-to-4% year-over-year.

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19 Apr. 2016 Eurozone Productivity Growth has Slowed Alarmingly in this Cycle

By Claus Vistesen

The Eurozone has a productivity problem. Between 1997 and 2007, labour productivity rose an average 1.2% year-over-year, but this rate has slowed to a crawl--a mere 0.5%--since the crisis. These data tell an important story about the peaks in EZ GDP growth over the business cycle. Before the financial crisis in 2008, cyclical peaks in Eurozone GDP growth were as high as 3%-to-4% year-over-year.

Posted: 19th Apr 2016 in 'Eurozone Documents'

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Keywords for: Eurozone Documents | 19 Apr. 2016 Eurozone Productivity Growth has Slowed Alarmingly in this Cycle

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