The weakness of euro-zone productivity growth since the global financial crisis can in part be attributed to cyclical factors. As these factors reverse, there is scope for economic growth to remain strong without a corresponding sharp rise in inflation. But structural headwinds will prevent a marked pick-up in productivity growth, keeping a lid on potential GDP growth.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services