(Bloomberg) -- U.K. productivity has finally regained its pre-recession peak, according to data released on Thursday. Output per hour grew 0.6 percent in the second quarter from the three months through January, taking it above its previous high at the end of 2007. Still, the big picture is that productivity growth has effectively stagnated for a decade and it's 17 percent below where it would have been if it had continued growing at its pre-crisis trend.
--With assistance from Mark Evans
To contact the reporter on this story: Scott Hamilton in London at shamilton8@bloomberg.net.
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Lucy Meakin
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