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Background paper

Background paper: Labour productivity growth in the Treasury's fiscal projections

Issue date: 
Wednesday, 11 December 2019

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Wednesday, 11 Dec 2019
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This background paper accompanies the Half Year Economic and Fiscal Update, which was released on 11 December 2019.

It reviews a range of factors influencing the labour productivity growth assumption in the Treasury's Fiscal Strategy Model (FSM) and the Long-Term Fiscal Model (LTFM). This assumption is relevant for both the regular FSM fiscal projections prepared alongside the Economic and Fiscal Update (EFU), and the Long-Term Fiscal Statement (LTFS), due in 2020, which uses the LTFM.

Last updated: 
Wednesday, 11 December 2019