Economic Indicators 

Persistent stagnation

Chris Dillow

Chris Dillow
Persistent stagnation

UK productivity is falling. Recent figures show that hours worked rose by 0.6 per cent in the three months to April but GDP rose only 0.3 per cent in the period, implying a drop in output per worker-hour. This continues a long-term stagnation – productivity has grown only 0.2 per cent per year since late 2007, compared with 2.3 per cent per year in the previous 30 years.

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