Output per worker grew last year at its slowest rate since the millennium, with a slowdown evident in almost all regions, underscoring how the problem of lower productivity growth is taking on global proportions.
The Conference Board, a think-tank, said official data on output and employment from most countries showed that only India and sub-Saharan Africa enjoyed faster labour productivity growth last year.
Globally, the rate of growth decelerated to 2.1 per cent in 2014, compared with an annual average of 2.6 per cent between 1999 and 2006, it said.
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