Alessandro Santo shares a report on the slowdown in labour-productivity growth in the United States and Western Europe and outline prospects for future growth. Nine years into the recovery from the Great Recession, labour-productivity-growth rates remain near historic lows across many advanced economies. Productivity growth is crucial to increase wages and living standards and helps raise the purchasing power of consumers to grow demand for goods and services. Therefore, slowing labour productivity growth heightens concerns at a time when ageing…