The subpar growth reflects
weak productivity growth, which has averaged less than 1 % over the past five years, and a low rate of labor force participation that remains at levels last seen in the 1970s.
The country has been dogged by
weak productivity growth and nearly non-existent economic growth.
Not exact matches
The latest
growth figures are too good to be true — demographics,
weak productivity, heavily indebted consumers, and rising interest rates will constrain Canada's economic
growth eventually.
Dan Nixon, a senior analyst at the Bank of England, says persistently
weak growth in
productivity over the past decade has coincided with a ten-fold rise in global shipments in smartphones:
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Weak investment: Both public and private investment has been subpar in recent years, with the latter feeding back negatively into
productivity growth, as Larry Mishel shows — quite dramatically — here.
Though the second - quarter bounce back is dampening wage pressure for now, the
weak trend in
productivity suggests the economy's
growth potential could be lower than the 1.5 percent to 2.0 percent pace that economists have been estimating.
Aging societies,
weaker business capital investment and slowing
productivity growth have led to a persistent decline in economic
growth.
Outside of the mining sector, the general improvement in
productivity growth may have been in response to a range of competitive pressures coming to bear during a period of
weak growth of aggregate demand.
However, measured labour
productivity growth has improved over the past few years across a broader range of industries, following a period of quite
weak growth (Graph 3).
Last month, Statistics Canada reported that the labour
productivity rate
growth contracted 0.2 per cent in 2015, by far its
weakest result in three years.
Since
weak investment has been identified as a potential drag on
productivity growth since the global financial crisis, this shift in incentives could have strong and long - lived benefits.»
The profits recovery has been driven by continued strong
productivity growth in conjunction with subdued compensation
growth (due to the
weak labour market), which has seen unit labour costs fall by 5 per cent since June 2001 — the largest fall on record (Graph A4).
Weak transport links are a major barrier to business
growth and can have a dramatic impact on business competitiveness and
productivity.
Living standards are falling,
productivity growth is
weak, and the economy has, in fact, been flat over the last year,» Philip Booth, editorial drector at the Institute of Economic Affairs, said.
In my model,
growth between +2 % and -2 % essentially produces the same negative economic and social consequences - rising poverty, unemployment and inequality, low
productivity,
weak infrastructure, low capital investments and social and political instability!
Aging societies,
weaker business capital investment and slowing
productivity growth have led to a persistent decline in economic
growth.
The building blocks of economic
growth are not robust, with an aging population in the Western world,
weak productivity gains and governments and consumers constrained by heavy debt loads.
Skills gap deepens as
weak productivity looks set to threaten UK economic
growth.
Demographics patterns in the U.S. today do not support strong gains in the working age population and labor force without changes in immigration rates, while
productivity growth has been stubbornly
weak.