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Productivity Slows to a Crawl as Recession Sets In

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Productivity Slows to a Crawl as Recession Sets In
A factory worker at the New Balance shoe factory in Lawrence, Massachusetts, on July 20, 2017. Adam Glanzman/Getty Images
Jeffrey A. Tucker
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Commentary

For reasons I can’t explain, there was widespread shock at the new gross domestic product numbers for the first quarter. They revealed a 1.1 percent growth rate, which is a crawl and much lower than the experts anticipated. The new data point to an inexorable reality.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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