Productivity declining in most of Europe – IMF ...News

The economy is set to recover but growth will be moderate, according to IMF European Department head Alfred Kammer The EU economy is not growing as fast as it could be and productivity is a problem in every member country, according to Alfred Kammer, director of the IMF European Department. The IMF shared its regional economic outlook for Europe earlier this week. It looks like the EU economy is bouncing back, although the expected GDP growth rate is only 1.7% this year and in 2025, up from 1.5% a year earlier. Commenting on the report, Kammer pointed to three factors holding the EU back. “First, Europe’s markets

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