chapter  3
42 Pages

Longer-term competitiveness of the Wider Europe

WithKARL AIGINGER, MICHAEL LANDESMANN

Thus, never having fully caught up with the US in levels, GDP, real income and productivity growth all moved onto a lower growth path in Europe compared to the US from the mid-1990s onward. This is a cause for soul-searching in Europe as regards the factors responsible and policy options available to counter this.