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发表于 2024-12-23 06:48
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The global slowdown of productivity since the Great Recession has negative consequences for growth and income that look hard to unwind, warned International Monetary Fund managing director Christine Lagarde in a speech in Washington Monday.Productivity, which in its simplest t stanley cup erms meas stanley cup ures the amount of output per hour of work, is the most important source of higher income and rising living standards over the long term, said Lagarde. Thats because productivity is a cornerstone of GDP, as an increase in productivity means that firms are creating more output, i.e. goods or services, with the same amount of input, i.e. capital and labor. It allows us to substantially grow the economic pie, creating larger pieces for everyone. While productivity had been gradually slowing for years in many advanced economies, the global financial crisis tanked productivity across advanced, emerging and low-income economies. And the downturn in productivity has persisted, providing all countries with a smaller slice of economic pie. Another decade of the similar trend that were observing at the moment, that sort of low productivity, would seriously undermine the rise in global living standards, said Lagarde. stanley cup Another decade of the similar trend that were observing at the moment, that sort of low productivity, would seriously undermine the rise in global living standards, said Lagarde. And we believe that slow growth could also jeopardize the financial and social stabil Dtwn Haiti prime minister says elections, referendum to be held next year
CANTIANO, Italy AP 鈥?Flash floods swept through several towns Friday in hilly central Italy after hours of exceptionally heavy rain, leaving 10 people dead and at least four missing. Dozens of survivors scrambled onto rooftops or up into trees to await rescue.Floods invaded garages and basements and knocked down doors. In one town, the powerful rush of water pushed a car onto a second-story balcony, while elsewhere parked vehicles were crumpled on top of each other in the streets. Some farm fields near the sea were meters yards under water. It wasn ;t a water bomb, it was a tsunami, Riccardo Pasqualini, the mayor of Barbara, told Italian state radio about the sudden downpour Thursday evening that devastated his town in the Marche region near the Adriatic Sea.READ MORE: We are heading in the wrong direction U.N. says in new report on climate changeHe said the overnight flooding left the town 1,300 residents without drinking water af1 . A mother an adidas samba d her young daughter were missing after trying to escape the floods, Pasqualini told the Italian news agency ANSA. Elsewhere in town, a boy was swept away from the arms of his mother, who was rescued.Premier Mario Draghi told a news conference in Rome that 10 people were dead and four were missing in the stanley cup flash floods. He thanked rescuers for their professionalism, dedication and courage. Officials said some 50 people were treated at hospitals for injuries.Draghi, who is serving in a caretaker role ahead of Italy |
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