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Publication date: 6 Feb 2019 | Publication type: National Institute Economic Review | Theme: Trade, Investment & Productivity | External authors: Wales, P | JEL classification: J24, E24, D24 | Journal: National Institute Economic Review Issue 247 | Publisher: Sage Publications, London
The UK’s recent productivity performance has been strikingly weak. Output per hour worked, which increased by around 2.1 per cent per year in the decade leading up to the economic downturn, increased by just 0.2 per cent per year in the ten years following the global financial crisis. This paper...