Morgan Stanley On Productivity Puzzle – GDP Will Take 56 Years To DoubleRupert Hargreaves
Global productivity continues to slow, and this is terrible news for the world economy according to Morgan Stanley. Based on the current levels of productivity, developed market potential output growth indicates that it will now take 56 years for GDP to double as opposed to the previous benchmark of 25 years.
According to Morgan Stanley’s estimates, developed market potential output growth is only 1.25% at present, an estimate that is 0.25 percentage points below the market consensus and official forecasts and a . . .
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