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Making Do With Less; The Faltering Economy
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 400 no. 8743 (Jul. 2011)
,
page 47.
Topik:
Economic Conditions
;
Productivity
;
Supply
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.67
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
On July 26th the Office for National Statistics will release its first estimate of GDP growth in the second quarter of 2011. The figure is likely to be grim, showing an economy that grew barely, if at all. After two previous, consecutive disappointing quarters, that will raise questions about the wisdom of slashing public spending when demand is weak. For some economists it will also suggest a slump in supply--ie, in the underlying capacity of the economy. The main evidence for this supply-side pessimism is Britain's shoddy productivity performance. Output per worker tumbled during the recession as joblessness rose less than output fell; it has remained poor since.
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