The productivity gap between U.S.&EU
"IMF report published in 2023 estimated that reducing remaining barriers to the single market for goods and services by 10% could raise European output by as much as 7% over the long term.."
"Established more than 30 years ago, the single market is designed to allow EU citizens to live and work across the EU and to provide consumers with a wider choice of high-quality services and products. The European Union’s single market seeks to guarantee the unrestricted movement of goods, capital, services and labor throughout the territory. ."
"The euro area is now focusing on critical questions for the future. Among them, the priority is how to lift up productivity at par with competitors, especially with the U.S.. The IMF believes deeper single-market integration could further boost the region’s economic growth. ."
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