3. The “New Mediocre” and the Outlook for Productivity in Asia
Author:
Mr. Ranil M Salgado
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Language:
English
Print Publication Date:
08 May 2017
Keywords:
REO; dividend; economy; productivity spillover; growth in the services sectors; productivity improvement; understanding productivity development; productivity slowdown; Global financial crisis of 2008-2009; Total factor productivity; Foreign direct investment; Global; Asia and Pacific

Abstract

Nearly 10 years after the global financial crisis, the prospect of mediocre future growth is still a concern. In part, the cause for this concern is the recent slowdown in productivity growth in many advanced economies—a slowdown that is widely expected to continue. Another related reason is the weakness in business investment, which is one channel through which new technology and innovation—the fundamental underpinnings of productivity growth—influence economies.

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Cover Regional Economic Outlook, April 2017, Asia and Pacific
Regional Economic Outlook, April 2017, Asia and Pacific
Preparing for Choppy Seas
ISBN:
9781475575064
ISSN:
2071-4149
Publication Date:
08 May 2017
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781475575064.086
Pages:
120