Explaining, Restoring Low Productivity Growth in the UK

摘要

Although the slowdown in productivity growth occurred around 2000 in many advanced countries, as well as in others, it has become more pronounced after the global financial crisis and the subsequent Great Recession. The authors attempt to explain the reasons behind this slowdown in UK productivity and also to discuss economic policies that would restore high productivity in the UK. The authors say restoring more rapid productivity growth is urgent.