AI adoption and use are still evolving, and the technology itself is changing rapidly. What we know about AI and its impact on productivity growth and the economy remains uncertain. Transformations ...

As AI advances, societies must consider how to strike a balance between the disruption caused by rapid productivity growth and its many benefits, including rising incomes and living standards.

2023 was a pivotal year for artificial intelligence (AI) as some of the biggest tech companies in the U.S. rolled out new AI tools, products, and services. Researchers at Goldman Sachs and McKinsey ...

Productivity growth is the key mechanism that allows the U.S. economy to expand above its long-run trend without reigniting inflation. Recent data show U.S. nonfarm business productivity rising 4.9% ...

“Productivity isn’t everything,” Paul Krugman wrote in his 1990 book, The Age of Diminished Expectations, “but in the long run it is almost everything.” Productivity is a foundation of prosperity. The ...

If you’re not sure quite how to peg the economy these days, you have plenty of company among many middle-class Americans working to get ahead. On one hand, jobs are plentiful and growth is solid. On ...

Sustained economic growth is a goal for many countries as it helps create jobs, reduce poverty, foster innovation, and generate resources for public services. A new book synthesizes a decade of ...

The UK’s productivity gap with the US has widened over the past two decades, with productivity growth rates decoupling after the Global Financial Crisis (GFC). This paper complements existing studies ...

The Productivity Commission defines productivity as "a measure of the rate at which output of goods and services are produced per unit of input (labor, capital, raw materials, etc.)." Productivity has ...

This study examines the relationship between foreign direct investment and total factor productivity on economic growth in 90 middle-income countries. Because middle-income countries often face ...

Higher productivity has quickly emerged as an economic reform priority for Labor’s second term. Prime Minister Anthony Albanese has laid down some markers for a productivity round table in August, ...

(Bloomberg) -- US labor productivity continued to rise in the first quarter, though at a slower pace, indicating companies are gradually improving worker efficiency to mitigate costs. Productivity, or ...