Stimulating sustainable economic growth is a priority for all nations. Increasing productivity – the level of output achieved with a given level of inputs – is key to doing so consistently over time. This requires a cohesive package of measures that ensures businesses, individuals and other organisations can prosper. We have advised governments and businesses on the policies that encourage and contribute to lasting economic productivity growth.
We have worked on many areas that are key to improving long-term growth, including investment in infrastructure, skills, innovation and labour markets, and in creating institutions and conditions that support a healthy and vibrant commercial sector. Our teams understand the building blocks of economic growth and regularly advise stakeholders on how to achieve it.
We are experts in assessing the drivers of growth, the contribution of different sectors and sub-sectors to economic dynamism, and how best economic expansion can be supported. We work with clients to understand the barriers to growth – including regulatory, policy and market failures – and how policy reform can help to overcome them. As far as possible, we also account for the wider social issues related to growth – including knowledge spillovers, environment impacts and well-being – as part of a wider economic framework.
It is important that there are credible and effective means to monitor and assess growth and productivity. We have worked on developing and applying appropriate indicators and tracking models for the corporate and public sector to use.