Increased Productivity Key to Brazil’s Growth Says World Bank

If Brazil can boost labor productivity, the country's GDP could rise from 1.8 percent to 4.4 percent, according to the World Bank.

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - According to a just-released study from the World Bank, Brazil must increase its labor productivity in order to grow its stagnant economy. At the country's current productivity rate, Brazil's gross domestic product (GDP) is estimated to grow 1.8 percent, but should the country boost productivity, says the World Bank, it could rise to as much as 4.4 percent.

"This [productivity increase] does not mean making people work longer hours, but [using] resources more efficiently," explained World Bank chief economist Mark Dutz, to the local media on . . .

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