The unemployment rate is declining, but remains high, at about 19%. While falling, high long-term and youth unemployment pose particularly acute challenges. More effective active labour market policies and re-skilling are needed, along with a recovery in demand. Boosting living standards in the medium term hinges on increasing productivity via higher investment in innovation, strengthening skills and more intense competition.
GDP growth | |||
2013 Current prices EUR billion |
2016
|
2017 % real change |
2018
|
1 025.6 | 3.2 | 2.3 | 2.2 |
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©OECD Observer No 308 Q4 2016
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