Trend Growth Trending Down

- "We conclude our analysis of trend growth determinants in a selection of euro area countries and find that, beyond a likely lower contribution from labour input, capital accumulation growth is also likely to slow down in coming years in those countries most badly hit by the financial crisis."
- "With major improvements in total factor productivity growth unlikely, the growth decomposition analysis suggests trend GDP growth is likely to significantly decelerate in all peripheral euro area countries in coming years."

No comments:

Post a Comment