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Unexpectedly fast productivity growth would quickly, and dramatically, improve the revenue forecasts.
If you just look at slow growth plus fast productivity, you've got the sluggish labor market right there.
They are still poor by EU standards, so can look forward to a period of fast productivity growth.
Fast productivity growth in export industries raises average wage costs across the economy, including in non-traded services where productivity is sluggish.
By concentrating on macroeconomic matters during a period of aggressive rationalization and fast productivity growth, industrial unions had left workers with little protection at the workplace.
Fast productivity growth in China's manufacturing sector, due to aggressive market reforms since the late 1990s, combined with export promotion and import substitution policies, contributed to the growing trade imbalances.
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The ethanol-producing abilities of various yeast strains under various conditions were compared, and strain YZJ088 showed the highest production and fastest productivity at elevated temperatures.
In agriculture, China has enjoyed much faster productivity growth.
This faster productivity growth has been the lifeblood of claims about the new economy.
That requires slower price and wage growth or faster productivity growth than elsewhere.
"For the longer term, prospects for ongoing rapid technological advance and associated faster productivity growth are scarcely diminished," he said.
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