The crisis has highlighted the urgency of structural reforms in the labour and product markets to limit the crisis’ negative impact on output and employment.
The crisis may become a catalyst for the implementation of structural reforms to increase labour force participation, enhance the flexibility of the labour market, improve human capital, increase  4  BIS Review 90/2009  competition in goods and services markets and boost investment in R&D. Reforms can affect the level and/or trend growth of the potential output.