The growth contribution of increased investment in ICT capital almost doubled. ICT is a general purpose technology with a broad impact on many sectors of the economy. New digital technologies might spur productivity growth in a similar manner as the last wave of information and communication technologies. They can contribute towards closing gaps in productivity.
Non-Euro area countries joining the SSM (Member States in close cooperation) SLIDE: Member States in close cooperation National competent authorities of non-euro area Member States have an option to participate in the SSM. They can participate through establishing a close cooperation agreement with the ECB.