QUARTZ: The UK has officially resigned itself to dismal productivity growth

  • Diane Coyle

Press/Media: Expert comment

Description

Others argue that productivity isn’t being counted properly. Productivity is measured by dividing national income by hours worked, or the number of workers. Diane Coyle, an economist at the University of Manchester who is working on efforts to reconsider how GDP is measured, says statistics have always been bad at measuring human gains from innovation and technological advancements.

Period22 Nov 2017

Media contributions

1

Media contributions

  • TitleThe UK has officially resigned itself to dismal productivity growth
    Media name/outletQuartz
    Media typeWeb
    Country/TerritoryUnited Kingdom
    Date22/11/17
    DescriptionOthers argue that productivity isn’t being counted properly. Productivity is measured by dividing national income by hours worked, or the number of workers. Diane Coyle, an economist at the University of Manchester who is working on efforts to reconsider how GDP is measured, says statistics have always been bad at measuring human gains from innovation and technological advancements.
    URLhttps://qz.com/1136047/uk-autumn-budget-2017-britain-has-officially-resigned-itself-to-dismal-productivity-growth/
    PersonsDiane Coyle

Keywords

  • budget
  • economics
  • GDP