Most developed countries have experienced lower rates of productivity development since the great recession – and nobody seems to know why.
However, it does seem as though these low growth rates might be with us for some time.
For any one country, this means that the key is to simply have a higher growth rate than your near competitors – and stop worrying about the absolute figure.
Low productivity growth can still create a successful economy – and actually helps employment levels.
So, accept the new reality – and work within it.