Potential output growth in the euro area is expected to moderate as trend labour input growth declines https://www.bankofcanada.ca/?p=238284 Trend total factor productivity (left scale) Trend labour input (left scale) Capital deepening (left scale) Potential output growth (right scale) Potential output growth, April 2023 MPR (right scale) 0.50.70.41.6 0.50.70.41.7 0.50.80.41.7 0.40.70.51.6 0.10.50.61.3 -0.20.30.60.8 0.00.00.40.4 0.3-0.10.40.5 0.4-0.10.40.7 0.5-0.10.30.7 0.70.00.20.9 0.70.20.11.1 0.80.40.11.3 0.90.50.11.5 0.90.50.21.6 0.90.60.21.71.7 0.40.60.31.31.5 0.10.50.10.81.0 0.40.40.21.01.2 0.10.70.10.90.8 0.30.90.11.31.3 0.50.40.31.21.2 0.60.20.31.11.1 0.60.10.41.11.1 0.6-0.10.51.1