The economy just can't break out of its doldrums, and here's why
CNBC - 5/4/2017 - Jeff Cox - Productivity growth has been weak during the recovery, with the annual rate at just 1.1 percent.
That has been the main driver so far of the economy failing to meet up to the aggressive expectations of President Donald Trump. Improvements in business investment could help turn the productivity issue around. If the US economy is ever going to reach breakout speed, it's got some serious work to do — literally. Amid a raft of other economic data that has been mixed to trending lower as of late stands one number: a punk productivity level that is holding back economic growth. The trend is important as it stands as likely the primary divider between the acceleration that President Donald Trump has projected against the reality that has been the case for most of the past decade. Read more @ http://www.cnbc.com/2017/05/04/the-econ ... ivity.html
That has been the main driver so far of the economy failing to meet up to the aggressive expectations of President Donald Trump. Improvements in business investment could help turn the productivity issue around. If the US economy is ever going to reach breakout speed, it's got some serious work to do — literally. Amid a raft of other economic data that has been mixed to trending lower as of late stands one number: a punk productivity level that is holding back economic growth. The trend is important as it stands as likely the primary divider between the acceleration that President Donald Trump has projected against the reality that has been the case for most of the past decade. Read more @ http://www.cnbc.com/2017/05/04/the-econ ... ivity.html
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