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The Prospects for Future Economic Growth in the Euro Area

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Intereconomics

Abstract

With a long-term projection of TFP growth of 0.2 per cent, a gradual decline in the work-age population and a static average workweek, we project a "baseline" average real GDP growth rate in the euro area of just 0.6 per cent over the next decade — even if the unemployment rate and investment share of GDP return to their pre-crisis levels by 2020.

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Authors and Affiliations

  1. Economic and Social Research Institute, Whitaker Square Sir John Rogerson Quay, D2, Dublin, Ireland

    Kieran McQuinn

  2. School of Economics, University College Dublin, Stillorgan Road, D4, Belfield, Dublin, Ireland

    Karl Whelan

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  1. Kieran McQuinn
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  2. Karl Whelan
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Correspondence to Kieran McQuinn.

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McQuinn, K., Whelan, K. The Prospects for Future Economic Growth in the Euro Area. Intereconomics 51, 305–311 (2016). https://doi.org/10.1007/s10272-016-0625-8

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  • DOI: https://doi.org/10.1007/s10272-016-0625-8

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