MacroVoices #388 Lakshman Achuthan: Recession Still On Deck
Macro Voices
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The Impact of COVID on Productivity Growth
"Our productivity growth is horrible. Just because the last reading came in a little better doesn't mean anything," he says. "It takes two construction workers to do the same job that one did in the 90s." The recession will put a lid on any inflation, and we won't know if it's secular or transitory until after they're over.
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