Press Release: EU Economy 2007 Review: moving Europe’s productivity frontier

The past two years have seen a renewed acceleration of productivity growth in the European Union, narrowing the transatlantic productivity gap that emerged in the mid-1990s. However, a large part of the pick-up in productivity reflects the cyclical upswing which the EU has enjoyed in this period. To secure a sustained increase in productivity and compete for economic leadership, the EU must tackle the root causes of slow productivity growth. This is the main message from the EU Economy 2007 Review, which provides an in-depth analysis of productivity developments and policies to push Europe's productivity frontier forward