The boards will carry out high quality economic and statistical analysis and make their results available in the public domain. In this way they make a valuable contribution to policy debates in their countries and encourage reforms aimed at achieving sustainable economic growth and convergence. National Productivity Boards may consult relevant stakeholders, though they are required to be objective and neutral. (View Highlight)
The independent expertise of the boards and their annual reports can be used by governments and the Commission in the context of the annual policy monitoring process, i.e. the European Semester. (View Highlight)
Potential economic growth in the euro area and in the EU as a whole has slowed considerably since the turn of the century. This trend is mainly due to a decline in total factor productivity growth but in recent years has also been affected by low investment. (View Highlight)
Europe’s future economic growth prospects will increasingly depend on its ability to raise productivity. This requires well-balanced policies to support innovation, increase skills, reduce labour and product market rigidities and allow a better allocation of resources. (View Highlight)
