The productivity riddle: Supporting long-term economic growth in the EU
Productivity has a key role to play in the EU's long-term economic growth. The recent economic recovery has reversed the negative trend but concerns remain about long-term prospects. Productivity varies across the EU, with newer Member States reaching only about half the level of the older ones (EU-15) when measured in terms of gross domestic product (GDP) per hour worked, but showing a higher growth dynamic. The recent poor productivity growth in the EU raises a number of important policy questions. First, there is no consensus on the reasons behind it or the best ways to remedy it. There are also conflicting views regarding how long this situation will continue. Most economists believe the current weak growth trend may be explained by a combination of cyclical and structural economic weaknesses that need to be addressed by a mix of shorter and longer-term measures. Remedies for low productivity include increasing labour market participation, strengthening product market competition, encouraging demand, investment and lending to companies, as well as restructuring inefficient markets, disseminating technology and generalising digitalisation. In the EU context, particularly important factors conducive to productivity growth include creating a genuine single market for services, boosting digitalisation across economic sectors and addressing long-term challenges, such as the ageing society and rising income inequalities, as well as implementing long-awaited structural reforms in the Member States.
Briefing
Maidir leis an doiciméad seo
Saghas foilseacháin
Údar
Réimse beartas
Eochairfhocal
- AIRGEADAS
- an limistéar euro
- AN tAONTAS EORPACH
- anailís eacnamaíoch
- aosú an daonra
- beartas an Aontais Eorpaigh
- beartas eacnamaíoch
- bonneagar eacnamaíoch
- caidreamh airgeadaíochta
- CEISTEANNA SÓISIALTA
- cuntasaíocht
- cúram sláinte
- dálaí eacnamaíocha
- déimeagrafaíocht agus pobal
- EACNAMAÍOCHT
- fás eacnamaíoch
- GNÓ AGUS IOMAÍOCHT
- infheistíocht phoiblí
- infheistíocht phríobháideach
- maoiniú agus infheistíocht
- réamh-mheastachán fadtéarmach
- sláinte
- taighde agus forbairt
- taighde agus maoin intleachtúil
- TÁIRGEADH, TEICNEOLAÍOCHT AGUS TAIGHDE
- táirgiúlacht
- tógáil Eorpach