Drag on productivity growth can be fixed: OECD

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.