News: 2014-01-15

Economy
Productivity crisis haunts global economy - FT.com
“The failure of overall efficiency – known to economists as total factor productivity – to grow in 2013 results from slower economic growth in emerging economies alongside continued rapid increases in capital used and labour inputs. Labour productivity growth also slowed for the third consecutive year. The decline in total factor productivity continues a trend of recent years in which the remarkable rise in the efficiency of emerging markets has slowed and in advanced economies it has declined. "
Luxury consumer base to keep growing: study | Reuters
 
North America
Fed’s Fisher: Glad Fed Tapered, but First Cut Should Have Been Bigger - Real Time Economics - WSJ
Dallas Fed's Fisher wanted $20 billion taper - MarketWatch
Fed’...


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