Researchers found slowdown from the pre-2008 growth trends almost four times that of 1930s
The slowdown in Britain’s productivity growth over the last decade is the worst since the start of the Industrial Revolution 250 years ago, a dismal track record that is holding back gains in living standards across the country.
Research from academics at the University of Sussex and Loughborough University shows that the productivity growth slowdown since the 2008 financial crisis is nearly twice as bad as the previous worst decade for efficiency gains, 1971-1981, and is unprecedented in more than two centuries.
Continue reading...from The Guardian https://ift.tt/2vKizSu
Richard Partington Economics correspondent
Researchers found slowdown from the pre-2008 growth trends almost four times that of 1930s
The slowdown in Britain’s productivity growth over the last decade is the worst since the start of the Industrial Revolution 250 years ago, a dismal track record that is holding back gains in living standards across the country.
Research from academics at the University of Sussex and Loughborough University shows that the productivity growth slowdown since the 2008 financial crisis is nearly twice as bad as the previous worst decade for efficiency gains, 1971-1981, and is unprecedented in more than two centuries.
Continue reading... https://ift.tt/eA8V8J February 03, 2020 at 02:01AM
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