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Continued slowdown in productivity growth weighs down on living standards

OECD, (2017), «Continued slowdown in productivity growth weighs down on living standards», 18 Μαϊου

The slowdown in productivity growth – already underway before the crisis – combined with sluggish investment, continued to undermine rises in economic output and material living standards in recent years in many of the world’s economies, according to a new report released today by the OECD.

In its latest Compendium of Productivity Indicators, the OECD also highlights a decoupling between productivity growth and higher real average wages in many countries, resulting in continued  declines in labour’s share of national income.

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