The prospects for future economic growth in the Euro area
McQuinn, Kieran ; Whelan, Karl
Intereconomics. Review of European Economic Policy
2016
51
6
November - December
305-311
economic growth ; EMU ; gross domestic product
Economic development
http://dx.doi.org/10.1007/s10272-016-0625-8
English
Bibliogr.
"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."
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