Investment and productivity growth are held
back by weak demand growth in emerging
economies and also the euro area as well as
restrictive regulation in services.
Public investment has been low, although recently the
government has provided more funds to improve
maintenance of transport infrastructure. There is
scope to improve efficiency in the procurement
and management of public investment projects.
Investment in formal childcare has increased.
However, provision of childcare, early childhood
education and full-day primary schooling still fall
short of needs.