Despite the Chaos, Europe's Economies Are Regaining Competitiveness through Improvements in Unit Labor Cost Performance
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Publication Date:
July 27, 2012
While there remains much to be concerned about when it comes to the economic stability of Europe, there are indications that unit labor costs are retreating in even the most troubled countries—an encouraging sign for future competitiveness. But can gains in productivity and this momentum on the cost side be sustained?
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