OECD, (2017), “Continued slowdown in productivity growth weighs down on living standards”, 18 May
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.
Relevant Posts
- European Commission, (2017), “Spring 2017 Economic Forecast: steady growth ahead”, May
- Hassan, Fadi, di Mauro, Filippo, I.P. Ottaviano, Gianmarco, (2016), “Banks Credit and Productivity Growth in the EU”, European Investment Bank Working Papers 2016/05, 20 December