The pace of reforms has further declined driven by a slowdown in productivity-enhancing reforms
The pace of reform has slowed in more than half of the countries but has accelerated in some
Synergies between product and labour markets reforms have not been fully exploited
The scope for reform packages with strong synergies is large in many countries
Less reform intensity in many areas but a notable effort to make the labour market more inclusive
Differences in labour productivity across countries are mostly driven by TFP dispersion
Reducing skill mismatch could generate substantial productivity gains in some countries
Public investment is still below the level of the early 2000s in many countries
The sources of differences in labour utilisation vary across groups of countries
The incidence of involuntary part-time employment has risen in several countries