We should take the long view on the productivity growth conundrum

We should take the long view on the productivity growth conundrum

Productivity growth has declined globally since the financial crisis, despite many economies being at full employment. But there is an explanation

‘Productivity isn’t everything, but in the long run it is almost everything”

– Paul Krugman, Nobel laureate

Since the global financial crisis, measures of productivity growth in the developed world have declined significantly.

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