Unexpected increases in oil prices directly trigger a production cost increase and hence lead to declining productivity.
And we must see a complete reverse of our declining productivity and poor health outcomes.
Labour costs are declining, productivity is growing and corporate profits are rising.
Jamaica suffers from low growth, declining productivity and a heavy debt burden (see chart).
He recently attacked both main parties in the election for failing to tackle declining productivity.
He added: "It sends a stark message about declining productivity in the NHS in recent years, particularly in hospitals.
There is spiralling foreign debt, heavy inflation, inadequate investment, retarded job growth, declining productivity & not enough money for vital services.
Declining productivity of research and development in fields such as pharmaceuticals means that attention is bound to turn elsewhere.
Most of the farms and food companies the president has expropriated suffer from inflated payrolls, declining productivity and rampant inefficiency.
