Here's why we could be at the start of a productivity boom
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Business spending on research and development is surging.
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In an email Tuesday, Deutsche Bank's Torsten Sløk included the chart below that shows private sector spending on research and development is growing at the fastest rate since the recession.
"[M]ore R&D normally means more capex and higher productivity," Sløk wrote.
"Note also how R&D is weak in the first few years after a recession and then begins to take off as corporate confidence comes back."
Deutsche Bank
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