The impact of the COVID-19 pandemic on labour productivity growth

Paloma Lopez-Garcia and Béla Szörfi

Economic Bulletin Boxes, 2021, vol. 7

Abstract: The growth of euro area labour productivity, measured by real GDP per hour worked, increased at the onset of the coronavirus (COVID-19) pandemic before declining during the subsequent economic recovery. This contradicts the general notion of productivity being procyclical and reflects the unique nature of this crisis. This box discusses the recent patterns in labour productivity and considers the extent to which some of these developments might fade or consolidate after the crisis. JEL Classification: D22, D24, D61, O33, O47, O52

Keywords: COVID-19 pandemic; euro area; Productivity growth (search for similar items in EconPapers)
Date: 2021-11
Note: 2648086
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Citations: View citations in EconPapers (3)

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