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21st Dec 2021 15:29U.K., Daily Monitor

  • The supply of labour has dropped over the past two years, in part due to a lower participation rate.
  • Over-50s have been a key driver, due to early retire- ment or long-term sickness following Covid-19.
  • We think the participation rate now is on a perma- nently lower path, limiting trend growth this decade.

budget credit gdp gdp growth government growth it labour labour market labour market data leave market outlook pension population supply unemployment unemployment rate wage

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Keywords for: A Falling Participation Rate Looks Set to Limit Trend Growth this Decade

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