UK productivity revised

The Office for National Statistics has revised its data on GDP, which means its productivity data has also been revised.  However, despite the changes, the data still show productivity growth stalling, and even falling, after the financial crisis. The result is that at the end of 2012 it was 12% below trend (previously thought to be 14% below trend).

The chart below is from the September Economic Review:

UK productivity early Sept 14














 

Stephen Beer, 07/09/2014

 
 Blog 
 Tags 
sb-ad-keeplambeth
 Recent Articles 
Interviewed on TWR Radio
The Tories' death rattle sounds
How Christians on the Left plans to build bridges between faith groups and Labour
Brexit on the ballot 
The Tory 'decade without growth'
 Labour News 
Loading...