UK Economic Productivity Shows Sustained Growth
British economic productivity is showing signs of sustained improvement after a prolonged slump following the 2008 financial crisis. Economists note that annual growth in output per hour has risen, echoing positive trends seen in the United States.
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Economic productivity in the United Kingdom rose to an average of 1.1% over the two years to June, according to estimates released on Monday. The figures point to a potential turnaround from a prolonged slump following the 2008 financial crisis. Rising output per hour is critical for lifting living standards and offsetting fiscal pressures from an aging population.
