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Treasurer Jim Chalmers has declared war on Australia’s poor productivity growth, which has slumped to developed-world lows.
Chalmers has finally cottoned on to the fact that the economy’s stagnant productivity will not deliver higher living standards for ordinary Australians.
In a speech to be delivered to the National Press Club in Canberra, The AFR reports that Chalmers will make reviving flatlining productivity a key priority for this term of government:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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