Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
Posted by: Michael Mandel on November 03
After today’s unexpected good productivity numbers, I decided to see what twenty-year productivity growth looks like. Here is the chart:
That’s pretty impressive. The twenty year time period should wash out a lot of the impact of business cycles. Still, the line turns up at, ta-da!, the beginning of 1997—or the beginning of the New Economy.
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.