The key question that naturally arises is the following: Why has economic growth, nonetheless, remained subdued? In my introduction I have already hinted at my answer by referring to the need for completing structural reforms. Let me now elaborate further on this urgency.
During the same period, according to retrospective studies, the unemployment rate rose from about 3 percent to nearly 25 percent, and many of those lucky enough to have a job were able to work only part-time.