Institute of International Finance March 21, 2024

Global Macro Views: The US Productivity Boom

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Why did US labor productivity accelerate without a comparable improvement in other advanced economies? The March 2024 analysis examines technology, fiscal support and labor flexibility, emphasizing the contribution of sectors built around specialized knowledge. The expansion of online retail also helped explain the gains.

Abstract

Why did US labor productivity accelerate without a comparable improvement in other advanced economies? The March 2024 analysis examines technology, fiscal support and labor flexibility, emphasizing the contribution of sectors built around specialized knowledge. The expansion of online retail also helped explain the gains.

Cite this work

Jonathan Fortun (2024). Global Macro Views: The US Productivity Boom. Institute of International Finance.