Beyond austerity: A path to economic growth and renewal in Europe

October 19, 2010

GDP real growth rate in Europe
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With multiple pressures on growth and constrained public finances, Europe needs structural reform even to match past GDP growth rates. Parts of Europe have begun to reform with demonstrable success. If the rest of Europe emulated their best practice, the region could add 4 to 11 per cent to per capita GDP, without cutting holidays and leave.

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