Productivity must anchor reforms, CBC governor tells EU fiscal forum

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Tuesday argued that productivity must be placed at the heart of every reform as Cyprus and Europe confront slowing growth and persistent structural pressures.

Speaking during a conference of European Independent Fiscal Institutions held in Nicosia, the governor underlined that productivity gains strengthen growth potential.

In addition, he emphasised that reforms lacking a productivity focus risk falling short of delivering durable economic outcomes.