Knowledge is growth

©OCDE

The growing awareness that knowledge-based capital (KBC) is driving economic growth is prevalent in today’s global marketplace. KBC includes a broad range of intangible assets, like research, data, software and design skills, which capture or express human ingenuity. The creation and application of knowledge is especially critical to the ability of firms and organisations to develop in a competitive global economy and to create high-wage employment.

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Economic data

GDP growth: +0.2% Q4 2019
Consumer price inflation: 2.1% Dec 2019
Trade (G20): -0.7% exp, -0.9% imp, Q3 2019
Unemployment: 5.1% December 2019
Last update: 20 February 2020

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