ECB research examines big issues affecting productivity
Reports assess impact on eurozone of digitisation, climate change and pandemic lockdowns
The European Central Bank today (February 27) published three papers on issues affecting productivity in the eurozone.
The first assesses the impact of digitisation. It says Europe has lagged behind the US in terms of digital innovation and adoption, and has not benefitted from digitisation’s potential to increase productivity. Tackling this issue will require investment in training and skills.
Another paper finds the transition to a low-carbon economy will mean reallocating capital and labour
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