Although this is a common feature for all OECD countries, it is particularly the case for euro area services, where productivity growth for the laggard firms has stagnated.
2/9  BIS central bankers' speeches  3/9  BIS central bankers' speeches  Diffusion It seems, therefore, that a large contributing factor to the slowdown in aggregate productivity is the second link in the chain: the lack of diffusion of innovation.