Productivity Briefing Note – commissioned by SCDI for use as input to their recent report ”From Fragile to Agile: A Blueprint for Growth & Prosperity’

Key Points

Productivity, and its rate of growth, is a key measure of economic success. It is best measured in terms of labour productivity per hour.

Within the overall measure, multi-factor productivity (MFP) is a key element as it picks up the role of innovation and new practices in improving output.

Many ‘advanced’ economies have been worried about a slowing in underlying productivity in recent decades. This concern has been exacerbated post 2007 as productivity has fallen or stood still.


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