Forecast Surprises, Successes and Slip-Ups
Moody's Talks - Inside Economics
00:00
The Importance of Restructuring
The labor shortage, the business number one, and probably being a labor is not new. It's around for a while, almost a decade now. So I see that as being another structural factor on top that may explain some of that weaker productivity growth. You're actually running the old process in parallel with the new process that's actually producing your productivity. But then longer term things will turn around.
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