Thursday, 3 February 2011

Productivity slowdown

UK productivity - output per worker - has recovered with the exit from recession and the return of economic growth. However, the post-recession productivity growth rate is significantly lower than the rates recorded prior to the financial crisis.

In the long run, it is productivity growth that creates the basis for higher living standards. We still have some way to go before things return to normal.


Scootland Economics said...

well, maybe it will speed back up

-Scootland Economics

Lea said...

Speed up? Nah. The ice age cometh.