EU's Productivity Split

The gap between productivity in rich and poor countries is getting wider

The productivity gap between richer and poorer Euro-area countries is still widening, according to Bloomberg economist Jamie Murray. To narrow the divide, one of the aims of the single-currency project, Italy and Spain must achieve much faster trend-productivity growth than bigger economies such as Germany and France. Bloomberg Economics says there’s little prospect of that, and expects the gulf to remain substantial across its five-year forecast.

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