This paper revisits the issue of Europe?s growth slowdown in the light of the developments of the first decade of the 21st century, including the devastating effects from the 2008/09 recession and the subsequent economic and financial crisis on Europe?s growth performance.

This paper revisits the issue of Europe’s growth slowdown in the light of the developments of the first decade of the 21st century, including the devastating effects from the 2008/09 recession and the subsequent economic and financial crisis on Europe’s growth performance. From a supply side...