EU Still Lags Behind U.S. In Productivity

Feb. 4, 2005
Productivity growth in the European Union (EU), the collection of 25 nations that some see as a kind of United States of Europe, is improving. But it still lags significantly behind productivity growth in the United States of America. Productivity in ...

Productivity growth in the European Union (EU), the collection of 25 nations that some see as a kind of United States of Europe, is improving. But it still lags significantly behind productivity growth in the United States of America.

Productivity in the EU grew 1.6% last year, up from 1.3% in 2003, but only about half the 3.1% posted in the U.S., according to figures from the Conference Board, a New York-based business research group.

Productivity growth for Japan, the world's second largest (after the U.S.) single-nation economy, was 3.6% in 2004.

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