Euro Area Policies: Selected Issues

Publication Date:

August 3, 2004

Electronic Access:

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Summary:

This Selected Issues paper on Euro Area Policies underlies global rebalancing of accounts. From a growth-accounting perspective, slower growth in the capital-labor ratio seems to be the main driver behind the deceleration in labor productivity. The increase in bilateral trade was accompanied by a large bilateral EU trade deficit. China’s market share seems to have increased mainly at the expense of other East Asian countries. EU trade with China increased at more than twice the rate of total EU external trade, and China became the EU’s second largest trading partner.

Series:

Country Report No. 2004/235

Subject:

Frequency:

Annually

English

Publication Date:

August 3, 2004

ISBN/ISSN:

9781451812954/1934-7685

Stock No:

1EUREA0022004

Pages:

156

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