Eurozone must urgently raise productivity, Draghi warns
ECB policy provides governments with "window of opportunity" for reform, ECB president says
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
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