The Prospects for Future Economic Growth in the Euro Area

December 22, 2016 | Journal Article

Authors: Kieran McQuinn , Karl Whelan
Intereconomics , Vol. 51 , Issue 6 , November, 2016 , pp. 305-311

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.

  • Publication Details

    Journal Article

    ESRI Series Number: 201659
    Research Area: Macroeconomics
    Date of Publication: December 22, 2016
    Published Online: December 22, 2016
    Publisher: Springer
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