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Jean-Claude Trichet: Structural reforms in the euro area (Central Bank Articles and Speeches)
| Content Provider | Semantic Scholar |
|---|---|
| Author | Trichet, Jean-Claude |
| Copyright Year | 2006 |
| Abstract | Let me start with a brief assessment of the euro area’s economic performance by recalling a few facts. Over the last years the euro area witnessed an improvement in the utilisation of labour, which increased on average by 0.2% per year between 2000 and 2004. This mainly reflects the rise in the euro area employment rate from 61.5% in 2000 to 63.6% in 2005, being accompanied by a significant decline in the aggregate unemployment rate from 10.5% to 8.6%. Remarkably, employment growth in the euro area showed resilience to the economic slowdown at the beginning of this decade, with employment growing on average by 1.1% over the period 2000-2005, compared to 0.9% in the US. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.bis.org/review/r060427b.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
