During an economic downturn, companies naturally trim payrolls. When recovery comes, output tends to rise more quickly than employment and productivity growth looks healthy. Over a period of something like 6 months, employment rsies ... and productivity growth figures go back to their 'normal' levels.
So, when you see good productivity growth figures - globally - wait ... and look again in a few months. You will get a more realistic aseessment of what has been happening. The recovery has been notable ... but will start to look worse (especially in advanced economies) as employment catches up.
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