The Virtuous Cycle of Productivity

U.S. first quarter productivity strongest since 2014; labour costs drop Higher productivity compensate higher wages, increasing workers skills, company profits, and consumer spending. “Compared to the first quarter of 2018, productivity increased at a rate of 2.4 percent, the best performance since the third quarter of 2010.” “The strong pace of productivity suppressed growth in…

Africa’s overlooked business revolution

Global business leaders who misunderstand Africa run the risk of missing out on one of the 21st century’s great growth opportunities Let’s test your own perceptions: How many companies in Africa earn annual revenues of $1 billion or more? Take a guess. If you guessed fewer than 50 such firms, you’re in good company. We…