European Central Bank Chief Economist Otmar Issing said on Jan. 24 the current productivity divergence between the U.S. and eurozone would only narrow slightly if similar statistical methods were used. The U.S. and most European countries adopt different approaches when measuring investments and growth in "new economy" areas. This has been seen as creating distortions when measuring productivity improvements in the two economies.
Speaking at the European Parliament, Issing said the ECB council
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