Europe - Tech. Industry Credited for Economic Growth
Technological industry is credited for 50 percent of the total European Union productivity rise in the period from 2000 to 2004, European Commission’s latest report showed. Technological industry is growing faster than the entire European economy, headed by software industry and IT services, which increased 5.9 percent in 2006 and 2007, the annual Commission’s 12010 report states further on the progress.
Public and private investments into the informatics and communications technology (ICT) sector are starting to payoff, the Commission points out in its report on a digital European growth and employment strategy. The technology gives incentive to innovations and productivity within the framework of basic diverting of Europe to knowledge-based economy, The Commission goes on to stress.
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