Capital Markets: Observations and Insights

​ Additional Insights

INSIGHTS

Productivity Is Improving

• A year and a half ago we called for an acceleration in productivity

• Today productivity is improving, which drives higher sustainable growth for the economy

• In our view, productivity should continue to accelerate based on robust innovation and solid business spending

U.S. Productivity Growth

3%

Alger Calls for Productivity Pick-Up

2%

1%

0%

-1%

Source: FactSet as of June 2019.

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