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Productivity and Business Policies [PDF]
UK productivity stagnated after the Great Recession of 2008-09 and remains about 15 percent below historical trends. This 'productivity puzzle' is due to a mixture of cyclical and structural effects - the fall is not entirely permanent; and has led to a widening of the longstanding gap with other countries. UK GDP per hour is now about 17 percent below
Isabelle Roland, Anna Valero
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