The Prospects for Future Economic Growth in the Euro Area

Kieran McQuinn and Karl Whelan ()

Intereconomics: Review of European Economic Policy, 2016, vol. 51, issue 6, 305-311

Abstract: Abstract With a long-term projection of TFP growth of 0.2 per cent, a gradual decline in the work-age population and a static average workweek, we project a "baseline" average real GDP growth rate in the euro area of just 0.6 per cent over the next decade — even if the unemployment rate and investment share of GDP return to their pre-crisis levels by 2020.

Date: 2016
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DOI: 10.1007/s10272-016-0625-8

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