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
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
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.