Economist Keith Hembre finds solace in this morning's Q1 productivity data, which beat estimates...

|By:, SA News Editor

Economist Keith Hembre finds solace in this morning's Q1 productivity data, which beat estimates with a 1.6% gain: "Productivity tends to be flat when GDP suffers a serious contraction. It's a sign that firms are very quick to reduce hours worked in response to the decline in demand and output."