Wall Street Journal (December 6)
“Better productivity growth has helped the U.S. power past similar economies such as the European Union’s and Canada’s…. Over the past five years, quarterly year-over-year productivity growth has averaged 2.1%, a sharp improvement from growth over the 10 years prior.” This “critical development… has allowed for strong economic output and declining inflation, even as the labor market cools.”
Tags: 2.1%, Canada, declining inflation, Economic output, Economies, EU, Improvement, Labor market, Power, Productivity growth, Strong, U.S.
Financial Times (December 3)
“America’s economy is soaring ahead of its rivals,” and its “outperformance is rooted in long-term productivity growth that is the envy of the developed world.” Many of these productivity gains are coming from tech investments. “China is the only other large economy making significant strides in tech R&D spending…. the amount of venture capital invested in AI in China is now the second highest globally after the US.”
Tags: AI, China, Developed world, Economy, Envy, Investments, Outperformance, Productivity growth, R&D spending, Rivals, Soaring, Tech, U.S., VC
