Summary

• The productivity gap between the US and the eurozone is widening.
• Weaker productivity growth within sectors and a shift of labour towards low‑productivity activities continue to weigh on growth.
• While wider adoption of artificial intelligence (AI) could lift productivity, a return to the pre‑pandemic annual growth rate of 0.7% appears unlikely.

By Ruben Dewitte, Economist and Peter Vanden Houte, Chief Economist, Belgium, Luxembourg, Eurozone

US productivity pulls decisively ahead of the eurozone

As we discussed in a previous article, eurozone GDP growth has increasingly been held back

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