Eurozone must urgently raise productivity, Draghi warns

European Central Bank president Mario Draghi

Urgent action is needed to improve productivity in the eurozone, European Central Bank (ECB) president Mario Draghi said today (November 30).

In 1995, economies belonging to the future eurozone had productivity growth of 2% annually, on a par with the rest of the world. But the eurozone now lags most advanced economies with productivity growth of just 0.5% annually, the president of the European Central Bank told an audience in Madrid.

Eurozone economies have been particularly weak in the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account