Why we shouldn’t overstate the pandemic’s effect on productivity growth 

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Philipp Carlsson-Szlezak, Global Chief Economist, Boston Consulting Group & Paul Swartz, Director and Senior Economist, BCG Henderson Institute The secular growth of services has been a significant drag on aggregate productivity growth – but the shock of COVID […]

The secret of productivity growth is not technology

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Philipp Carlsson-Szlezak, Global Chief Economist, Boston Consulting Group & Paul Swartz, Director and Senior Economist, BCG Henderson Institute Technology fuels productivity growth but tight labour markets provide the spark for this growth because firms typically need to make […]

State aid: Commission approves prolongation and modification of German scheme to support electricity production from renewable energy sources

This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, the prolongation and modification of a German scheme to support the production of electricity from renewable energy sources and from mine gas, as well as reductions of charges to fund support for electricity from […]

Coronavirus: European standards for medical supplies made freely available to facilitate increase of production

This article is brought to you in association with the European Commission. In the context of the Coronavirus crisis, the Commission is working with industry and Member States to maximise the availability of masks, gloves, gowns and other medical supplies. Efforts include increasing production by existing manufacturers, facilitating imports and activating alternative ways of producing equipment. […]

Why EU’s working and unemployed millions remain uncertain or even desperate about their future

Statistical data for the Eurozone economy paint a rather misty picture. Labour costs, an indicator which can fairly describe the evolution of the total volume of wages, marks a distinct increase signaling a clear betterment of the situation of the working classes. On top of that, May inflation at 0.3% indicates that the rate of […]

Industrial producer prices on free fall and stagnant output

  During the last few days, Eurostat, the EU statistical service, has produced disappointing data on the Eurozone economy. Last week it was a fall of the volume of retail sales in December by 1.6%, compared to November. Also in December last year compared with December 2012 the retail sales index decreased by 1% in […]

Why Europe is more competitive than the US

  The commonly recited rough theory, that Eurozone economy is less competitive than the US, is not confirmed by core statistics. The European Sting has repeatedly stressed that Eurozone is by far a net exporter of sophisticated products and services, while the US suffers of a chronic and probably structural, foreign trade deficit. In this […]