He finds that, over the past five years, America's productivity growth has only slightly outpaced that in the euro zone, at 1.8% and 1.5% respectively.
When the cyclical recovery does come, it is conceivable that it will be the euro zone that is able to exploit its improved productivity and increased competitiveness to grow in line with its potential.
The panel was called Supercharging Productivity through Workforce Innovation, a name of the sort that has caused me to zone out during discussions of social media in the past.