tcmb speech, 2005-10-27
Thus, while growth in hourly productivity in the 1980s stood at 2.4 percent on average in the Euro area and at 1.3 percent in the US, that trend has been reversed between 1996 and 2004, with an annual average in the Euro area and in the US of 1.3 percent and of 2.5 percent respectively.
Sentiment: neutral
Topic: mp_economic_activity