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Elevating stagnant wages is Tokyo’s top priority and anti-deflation tool, necessary in creating a virtuous cycle of rising prices and incomes that boosts economic growth.
However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…
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DOI: 10.1108/OXAN-DB285374
ISSN: 2633-304X
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Geographic
Topical
RUSSIA: Lower productivity will erode living standards
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DOI: 10.1108/OXAN-ES282532
ISSN: 2633-304X
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In defiance of expectations following the imposition of severe sanctions, the unemployment rate has hovered around 3.2%. Yet rather than a sign of resilience, low unemployment…
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DOI: 10.1108/OXAN-DB280931
ISSN: 2633-304X
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Geographic
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Wage growth was subdued in 2022, at 2.8%, even as unemployment declined to 6.7%, as a symptom of productivity growth slowing further since the pandemic. Policy is shifting towards…
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DOI: 10.1108/OXAN-DB276777
ISSN: 2633-304X
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UNITED KINGDOM: Inflation to ease slowly and unevenly
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DOI: 10.1108/OXAN-ES275392
ISSN: 2633-304X
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Last year, employee resistance, reinforced by tight labour markets, frustrated employer hopes for a return to the office. This year, employers are reluctantly accepting that…
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DOI: 10.1108/OXAN-DB272244
ISSN: 2633-304X
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UNITED STATES: Productivity trend to set CPI forecasts
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DOI: 10.1108/OXAN-ES272025
ISSN: 2633-304X
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Geographic
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While the crisis damaged the economy, compounded by the lack of fiscal response, Mexico has suffered from sluggish growth for the last four decades. Productivity, on average, has…
High on the agenda is the need for science to work across disciplines to address complex societal problems. In 2015, research and development (R&D) funding increased by 5.1…