Report: U.S. productivity growth to accelerate
http://www.huanqiu.com 来源：新华网 网友评论条进入论坛 2008-01-16 09:41
NEW YORK, Jan. 15 (Xinhua) -- Recession concerns and the credit crunch cloud the U.S. economic outlook for 2008, but U.S. productivity growth will accelerate to 1.7 percent this year, the latest annual productivity report from the Conference Board said Tuesday.
With business cycles past their peaks, annual productivity growth in the advanced economies has slowed to between 1 percent and 1.5 percent, said the economic research group.
Despite better European performance in the past two years, the United States maintains its productivity edge over the longer term, it added.
The report also warned that advanced economies will need to raise annual productivity growth to well above 2 percent over the next two decades to maintain current living standards.
Given the limits to labor force growth almost everywhere, the onus will be on technology and innovation to drive the growth process, it said.
