The winner takes it all?

Productivity, innovation & financial markets in the long run

28 May 2018 at 12:00pm

Frankfurt am Main, Germany

Productivity growth has been trending down since the early 1970s in most developed economies, except for a few years around the year 2000. In emerging markets, productivity growth, too, has started to slow significantly around ten years ago. This is a puzzling development, as we see technological innovation taking place at a rapid pace. This moderation in productivity matters: ‘Productivity is a gift for our living standards – perhaps the greatest.’, Andrew Haldane, the BoE Chief Economist, said.

How can we explain this productivity puzzle, which is among the most pressing public policy issues today? And what does it imply for investors?

Can history be a guide? Let’s discuss with two experts.

Presenters:
Peter Gal, Economist at OECD
Stefan Hofrichter, Head of Global Economics at Allianz Global Investors
Moderated by Carmen Hofmann, Secretary General of eabh

Discussion with the audience is planned and all participants are kindly invited to join the discussants for a networking lunch kindly sponsored by Allianz Global Investors GmbH.