Another factor behind the upturn is the meaningful progress that a number of European countries, such as Spain, have made on structural reform. Labor-market regulation has been loosened, and unit labor costs have come down.
另外一个增长背后的因素，则是以西班牙为首的欧盟国家在结构性改革方面取得的切实进展。劳动力市场管制得到了放松，单位劳动力成本也有所下降。这同时也令欧洲的竞争力进一步改善。