“We’ve got plenty of company”

Executive Summary

Sluggish productivity is a worldwide phenomenon, with growth slowing in developed and emerging economies alike. The reasons for the decline include weaker business investment, political uncertainty, aging populations, reduced investment in training and slower trade growth. A key takeaway:

  • Productivity growth in developed nations in recent years has been 0.3 percent annually, down from 1 percent before the financial crisis.

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DOI: 10.1177/237455680329.n6