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Diabetes Care in The Netherlands: - Novo Nordisk

Diabetes Care in The Netherlands: - Novo Nordisk

Diabetes Care in The Netherlands: - Novo Nordisk

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Labour shortage from late n<strong>in</strong>eties illustrates the risk of tightlabour markets for our economyCompetitive Power Based on Labor Cost 1)(Index, 1995 = 100); 1995–20045%4%3%2%1%0%-1%1995 1996 1997 1998 1999 2000 2001 2002 2003 200411511010510095901995 1996 1997 1998 1999 2000 2001 2002 2003 20045%4%3%2%1%0%EU <strong>Netherlands</strong> USEuro competitors All competitors-1%1995 1996 1997 1998 1999 2000 2001 2002 2003 2004Productivity (left axis)Development of Productivity: 1995–2004AIQ (right axis)6%5%4%3%2%1%0%-1%1995 1996 1997 1998 1999 2000 2001 2002 2003 2004<strong>Netherlands</strong>EUInflation differenceBooz & Company 14 November 2011 Prepared for <strong>Novo</strong> <strong>Nordisk</strong>3845

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