Slowdown in average annual growth rates of potential GDP

During the Great Recession, the vast majority of the EU Member States not only suffered drops in the growth rate of their actually produced GDP but also in the growth rate of the GDP that their economies can potentially produce. A slower potential output growth rate, especially in the aftermath of a recession, suggests that the recovery in output and employment growth may be constrained at a level that is insufficient for recreating the jobs that were lost during the Great Recession and for allowing new labour market entrants to find well-paid jobs.

more information in Benchmarking Working Europe 2019 chapter 1 'Macroeconomic developments in Europe: tackling the growth, inequality and climate change challenges'