Roland, Isabelle; Valero, Anna - Centre for Economic Performance, LSE - 2015
UK productivity stagnated after the Great Recession of 2008-09 and remains about 15 percent below historical trends …. This 'productivity puzzle' is due to a mixture of cyclical and structural effects - the fall is not entirely permanent; and … average. Chronically low investment especially in infrastructure and innovation, poor management and weak intermediate skills …