From 2008 to 2013, the eurozone experienced a sharp decline in investment. Despite a belated turnaround in 2014, total investment is still holding below its pre-crisis level.
There are wide disparities between countries. After the crisis, the investment rate dropped off sharply in Spain, for example, but rose in France.
The share of investment allocated to intangible assets, notably research and development, has increased to the detriment of tangible assets.