34321. United States — Productivity Surprise
- Publication Date:
- 02-2002
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- The government announced yesterday that productivity increased at a 3.5% annual rate in the fourth quarter of 2001. The figure, previously available in its component form, has been interpreted as evidence of underlying improvement in productivity in the post-1995 period. Sustainability of productivity growth determines the reliability of fiscal forecasts, growth, inflation and unemployment.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United States