Drag on productivity growth can be fixed: OECD
The solution lies with governments giving a leg-up to businesses and improving the match between talents and jobs
Tokyo
A slowdown in productivity growth over the past decade has raised concerns about the long-term outlook for the global economy, but the solution lies largely in the hands of governments, says a new report by the Organisation for Economic Cooperation and Development (OECD).
To relaunch productivity and reduce inequality, governments should thus help firms harness the forces of knowledge diffusion more efficiently, said OECD secretary-general Angel Gurría.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Stormy Daniels details alleged sex with Trump at hush money trial
Indian vote body tells X to remove Modi party video targeting Muslims, opposition
Inflation-hit Argentina has a new top banknote, worth just US$10
Trade between Singapore and Asean was at S$295.6 billion in 2023
One out of every 24 New York City residents is a millionaire
Private credit faces pain from high interest rates, Moody’s says