On the assumption that the euro area and US forecasts underpinning this scenario prove accurate, the euro area is forecast to end up in 2023 with living standards relative to the US which would be lower than in the mid-1960s. If this was to materialise, euro area living standards (potential GDP per capita) would be at only around 60% of US levels in 2023, with close to 2/3 of the gap in living standards due to lower labour productivity levels, and with the remaining 1/3 due to differences in the utilisation of labour (i.e.) dfferences in hours worked per worker and the employment rate Volume 12 (2013) Issue 4 - Quarterly report on the euro area. December 2013 Euro area versus the US over the coming, pag.13 ec.europa.eu/economy_finance/publications/qr_euro_area/2013/pdf/qrea4_section_1_en.pdfun Paolo Dalla Zonca, guarda la neutrale UE.
Posted on: Fri, 17 Jan 2014 09:39:32 +0000
Trending Topics
Recently Viewed Topics
© 2015