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Simple Math: 1/2% + 1/2% = 1%
Sunday, June 14, 2015 5:25
% of readers think this story is Fact. Add your two cents.
by Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI
Recoveries have been weakening due to declines in growth in output per hour (i.e., productivity), growth in hours worked, or both. Taken together, they add up to real GDP growth. It’s just simple math.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201506140700
