Productivity is Only Path to Economic Growth, Economists Say

As O Estado de S. Paulo newspaper reported on Sunday, despite the disruption in the economy caused by Covid-19, productivity grew by 3.6% in the third quarter, following the 3.4% rise in the second quarter, compared to 2019, according to Ibre/FGV estimates.

RIO DE JANEIRO, BRAZIL - With the end of the demographic dividend in Brazil, the only means of generating economic growth will be through productivity gains, said Silvia Matos, a researcher at the Getulio Vargas Foundation's (Ibre/FGV) Brazilian Institute of Economics, on Monday, December 14th, while taking part in the online seminar "Productivity and Reforms", organized by the institution in partnership with O Estado de S. Paulo newspaper.

"In a country with a young population, we achieve greater growth, because there are many people working", said Silvia.

Economic growth with a large proportion of young people in the general . . .

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