Today marks the 81st trading day of the euro since its debut on January 4. Since its introduction, Europe’s single currency has depreciated against the U.S. dollar by nearly 9 percent.
BIS central bankers’ speeches  1  –  We are expecting investment growth to contribute to a rebound in the rate of labour productivity growth over the next couple of years. However, demographic factors, primarily the aging population, are expected to put a drag on the growth rate of trend labour input. This drag will largely offset the effects of rising investment.