The Prospects for Future Economic Growth in the Euro Area

Kieran McQuinn; Karl Whelan

doi:10.1007/s10272-016-0625-8

The Prospects for Future Economic Growth in the Euro Area

Kieran McQuinn
, Karl Whelan

Research output: Contribution to journal › Article › peer-review

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.

Original language	English
Pages (from-to)	305-311
Number of pages	7
Journal	Intereconomics
Volume	51
Issue number	6
DOIs	https://doi.org/10.1007/s10272-016-0625-8
Publication status	Published - 1 Nov 2016
Externally published	Yes

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10.1007/s10272-016-0625-8

Cite this

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The Prospects for Future Economic Growth in the Euro Area

Abstract

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