{"id":650669,"date":"2017-03-29T04:06:10","date_gmt":"2017-03-29T04:06:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/29\/is-productivity-rebounding\/"},"modified":"2017-03-29T04:06:10","modified_gmt":"2017-03-29T04:06:10","slug":"is-productivity-rebounding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/29\/is-productivity-rebounding\/","title":{"rendered":"Is productivity rebounding?"},"content":{"rendered":"

<\/a> There might not be a slowdown in productivity growth after all: <\/strong>In contrast with Deloitte Chief Economist Ian Stewart\u2019s warning<\/a> in yesterday\u2019s issue that slowdowns in productivity growth could be contributing to a new-normal of weaker economic growth, Goldman Sachs says there could be<\/a> early signs of a productivity rebound. GS suggests that the perceived slowdown could be because of a financial crisis-induced \u201ctemporary hangover\u201d effect, increased measurement error, or both.<\/p>\n

The measurement error is small, but GS Chief Economist Jan Hatzius and his team see two reasons with the temporary hangover effects are important: \u201cFirst, a decomposition of productivity into its underlying drivers shows that slower growth in capital services per hour worked has been the most important drag. This looks like a cyclical consequence of the weakness of capital spending since the financial crisis, and there are some early signs that this weakness is abating<\/strong>. Second, while the official productivity data remain lackluster, they are quite lagged and there are some early signs of improvement in the higher-frequency indicators. A decomposition of GS Research's Current Activity Indicator (CAI) shows that output-related indicators have been growing more rapidly relative to employment-type indicators over the past year or so<\/strong>. Historically this has been associated with acceleration in the official productivity measures over time.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

There might not be a slowdown in productivity growth after all: In contrast with Deloitte Chief Economist Ian Stewart\u2019s warning in yesterday\u2019s issue that slowdowns in productivity growth could be contributing to a new-normal of weaker economic growth, Goldman Sachs says there could be early signs of a productivity rebound. GS suggests that the perceived […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9272],"tags":[72,1510],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-650669","post","type-post","status-publish","format-standard","hentry","category-the-macro-picture","tag-enterpriseam","tag-the-macro-picture","wpautop","entry"],"acf":{"mongo_id":"aee6737a-b635-4597-9d56-ca50b54d4efa","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[650650],"teaser":"","voice_url":""},"yoast_head":"\nIs productivity rebounding? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/29\/is-productivity-rebounding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is productivity rebounding?\" \/>\n<meta property=\"og:description\" content=\"There might not be a slowdown in productivity growth after all: In contrast with Deloitte Chief Economist Ian Stewart\u2019s warning in yesterday\u2019s issue that slowdowns in productivity growth could be contributing to a new-normal of weaker economic growth, Goldman Sachs says there could be early signs of a productivity rebound. 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