www.bloomberg.com
Britain is seeing early signs of a long-awaited turnaround in its productivity woes. An alternative measure suggests output per hour worked is rising at a pace not seen since before the financial crisis. While the traditional official data has shown stagnant productivity, this new metric offers a more optimistic view. If sustained, this improvement could be significant for the UK’s economic growth and living standards. However, economists will be watching closely to see if this is a temporary blip or the start of a genuine recovery.
(99 words)
Read More
