Driving Growth in Europe: Which National Reforms Will Make a Difference?

Tuesday, June 3, 2025 at 09:00-10:30 Vienna time (CEST) 

Opening remarks
Prof. Dr. Robert Holzmann, Governor, Oesterreichische Nationalbank

Moderator
Stephan Danninger, Assistant Director, International Monetary Fund

Speakers
Diego Cerdeiro, Deputy Unit Chief, International Monetary Fund
Julia Wörz, Head of CESEE Section, Oesterreichische Nationalbank

Europe's per capita income gap with the United States is due to deficiencies in labor utilization, capital intensity, and total factor productivity. Intra-Europe integration and domestic policy action are needed to close these gaps. The presentation will showcase findings from an in-depth analysis of domestic structural reform priorities in Europe. Ranking these reforms by their urgency for lifting growth, the key priorities include improving labor markets, building human capital, and implementing growth-friendly fiscal-structural reforms. Priorities differ across the continent. Advanced European countries should focus on deregulating product markets, deepening credit and capital markets, and promoting innovation. For CESEE countries, to participate in growth gains, top priorities are strengthening their largest domestic asset—skilled labor—, removal of red tape, and in many case governance reforms. A recent IMF study estimating the growth gains of these reforms will be presented and discussed by the speakers

The webinar will be held in English.

Participants are encouraged to ask written questions to the presenters using the webinar’s Q&A feature.

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We look forward to seeing you soon!We look forward to seeing you soon!

Hervé Joly, Director (JVI)