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Briefing
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- Weak Productivity Growth – International Monetary Fund (IMF) managing director Christine Lagarde spoke to American Enterprise Institute in Washington, D.C. about sharp slowdown in productivity over last decade that was brought about by 2009 financial crisis, population aging in advanced economies, and slowdown in global trade
- Impacted Living Standards – Another decade of weak productivity growth could cause living standards to fall globally
- Financial and Social Instability – Some countries could experience financial and social instability, making it more difficult to reduce inequality as well as maintain private debt and public obligations
- Government Intervention Required – Governments need to invest more to support entrepreneurs by removing barriers to competition, cutting red tape, investing more in education, and providing tax incentives for research and development (R&D)
- Low Skill Workers Support – Advises supporting low skilled workers affected by job losses with more education programs, skills training and employment incentives
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Accelerator
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Market Disruption
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Sector
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Education, Government (excluding military)
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Organization
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International Monetary Fund
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Source
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Lagarde, C., "Reinvigorating productivity growth",
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Furceri, D., et. al., "Gone with the headwinds : Global productivity",
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Lawder, D., "IMF chief warns slowing productivity risks living standards drop",
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AcceleratingBiz analysis
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Original Publication Date
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April 3, 2017
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