UK productivity registers weakest growth since World War II
April 2 , 2015
The productivity of the UK economy in recent years has been the weakest since World War II, according to the country’s office for national statistics (ONS), with the output per worker again falling in the last three months of 2014.
Productivity dropped by 0.2% in the financial year’s third quarter, and it was lower than the period before the country experienced its biggest recession in modern times.
ONS said that the “absence of productivity growth” in the past seven years was “unprecedented” in the post-World War II period.