By Richard Mann
RIO DE JANEIRO, BRAZIL - Amid a scenario of declining economic power and growth in casual employment, labor productivity in the economy has shrunk again in the first quarter, according to a study by the Brazilian Institute of Economics of the Getulio Vargas Foundation (IBRE/FGV) obtained exclusively by Estadão/Broadcast.
Productivity per work hour in the Brazilian economy retreated 1.1 percent in the first quarter of the year, compared to last year. Over the same period, the Brazilian Gross Domestic Product (GDP) grew 0.5 percent.
"Hours worked are rising, but are not generating output . . .
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