Sluggish growth and stubbornly high unemployment await the 12 countries that share the euro, according to an OECD report published on Tuesday (27 July).
The OECD annual report on the euro zone projects growth of 1.5 percent this year, which should "gather steam" to 2.5 percent next year.
However, the report warns that "income per capita is lower in the euro area than in the best performing OECD countries and the gap is widening".
Moreover, the economic recovery is expecte...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login