Mar 7, 2013
Forex Flash: Productivity growth is the paramount driver of US long-term growth – Goldman Sachs
According to the Economics Research Team at Goldman Sachs, “We take stock of the latest evidence on productivity growth in the US and review the implications for markets. Many economic scenarios that would be bearish for rates and credit spreads, and for risky assets more generally, tend to involve the risk that productivity growth slows and drags down the trajectory of long-run growth.”
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