Global productivity growth slowed for the third year in a row, according the US Conference Board stats. The Board reckons that output per person employed grew just 1.7% in 2013, down from 1.8% in 2012, 2.6% in 2011 and 3.9% in 2010. Growth has only slowed in two previous years in the recessions of 2001 and the Great Recession of 2008. And these figures include all the previously fast-growing emerging capitalist economies of India and China.
http://thenextrecession.wordpress.com/2014/01/20/productivity-deflation-and-depression/
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