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Shift to 'more accurate' productivity measure, but challenges remain

Thursday, November 26, 2015 - 05:50

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Singapore's government will place a greater emphasis on the "more accurate" metric of value-add (VA) per actual hour worked to measure labour productivity.

Singapore

SINGAPORE'S government will place a greater emphasis on the "more accurate" metric of value-add (VA) per actual hour worked to measure labour productivity. Using this metric, the economy actually better satisfies productivity growth expectations as set forth by the Economic

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