The Lisbon Indicator
With the new Lisbon Indicator the economists at Allianz and Dresdner Bank have created an instrument which constantly measures progress in the so-called Lisbon Process (the indicator is updated on a quarterly basis).
The indicator encompasses the sub-components economic growth, employment rate, developments in productivity and per capita income, and investment ratios.The indicator has been falling steadily since 2002. However, Michael Heise, Chief Economist of Allianz Group, is optimistic: "Prospects for the second half of the Lisbon process are better than for the first."
