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This Policy Brief is based on the European Central Bank (ECB) Working Paper No. 3273. The views expressed are those of the authors and do not necessarily reflect those of the ECB. Duval, R., D. Furceri, B. Hu, J. T Jalles, and H. Nguyen. 2018. “A narrative database of major labor and product market reforms in advanced economies.” International Monetary Fund, IMF Working Papers 2018/019. Levine, R., N. Loayza, and T. Beck. 2000.
11 October 2023 By Klaus Masuch, Wolfgang Modery, Ralph Setzer and Nico Zorell The euro area economy has recovered swiftly from the pandemic, supply bottlenecks and the energy price shock. But there is no room for complacency. Structural weaknesses are still a brake on income and productivity growth. Governments need to implement reforms to make European economies stronger and promote social fairness. The euro area economy has proven remarkably resilient over the past few years.
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