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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of jobs
(RTTNews) - Statistics New Zealand said on Tuesday that total labor productivity in the country dropped 1.5% in the year to March 2009.
The decline in productivity was driven by the fall in real gross domestic product of 2.2%, while workforce hours fell 0.7%.
"Productivity declined in the March 2009 year as the New Zealand economy went into recession. There was a large drop in output, with labor taking longer to respond to the fall in demand. This led to a significant fall in labor productivity," economic statistics development manager Jude Hughes said.
Meanwhile, capital investment in New Zealand increased 3.3% through the March 2009 year.
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