The recent OCED ( Organisation for Economic Co-operation and Development ) “Compendium of Productivity 2017” publication showed global growth, measured by GDP (Gross Domestic Product), should rise from 2.1% in 2016, to 3.5% in 2017, and 3.7% in 2018. Though this is good news, these growth numbers are below those before the financial crises started in 2008.
The OCED report states most of the world is stuck in a “low growth trap” . OCED has put the spotlight on productivity as the causality. Productivity continues to decline over the long term, way before the global financial crises.
OCED shows that productivity […]
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