KEY ISSUES:With growth projected at just over 1 percent in 2014, recovery from the stagnation of 2012?13 is proving slow, as in much of Europe. Healthy private balance sheets and integration with Germany dampened the impact of the crisis. However, despite its resilience the economy has been losing competitiveness due to higher labor cost and lower productivity growths than peer countries. The government has taken measures to close the wage gap, but the economy also needs to become more productive and adaptable through deeper product and labor market reforms. Low rates of employment further pen