The UK has now experienced about four years of below-average productivity growth. We remain sceptical that this means that productivity growth has been permanently damaged. So we still think that a significant rebound is likely at some point. But in the near-term, this is more likely to come about through renewed job-cutting than a strong pick-up in output growth.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.