Fiscal policy will ease slightly but remain tighter than the fiscal rule of a structural balanced budget. Remaining inefficiencies in insolvency procedures, barriers to SME lending and labour shortages all undermine capital spending and productivity growth, calling for reforming the legal system, promoting new forms of business financing and strengthening the supply of marketable skills further.
GDP growth | |||
2013 Current prices EUR billion |
2016
|
2017 % real change |
2018
|
18.9 | 1.1 | 2.4 | 2.9 |
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©OECD Observer No 308 Q4 2016
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