The Virtuous Cycle of Productivity

U.S. first quarter productivity strongest since 2014; labour costs drop Higher productivity compensate higher wages, increasing workers skills, company profits, and consumer spending. “Compared to the first quarter of 2018, productivity increased at a rate of 2.4 percent, the best performance since the third quarter of 2010.” “The strong pace of productivity suppressed growth in…

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Africa’s overlooked business revolution

Global business leaders who misunderstand Africa run the risk of missing out on one of the 21st century’s great growth opportunities Let’s test your own perceptions: How many companies in Africa earn annual revenues of $1 billion or more? Take a guess. If you guessed fewer than 50 such firms, you’re in good company. We…

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