Weak labour productivity has had a large cumulative impact on changes in relative unit labour costs adjusted for the terms of trade Published on 07.05.2026 International economy Sami Oinonen Meri Obstbaum Seija Parviainen Harri Pönkä Pasi Ikonen Read more in article: Productivity and energy costs are weaknesses in euro area competitiveness Share article Save image Original (PNG) JPG Add to download list Remove from download list