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Macquarie University’s vice chancellor and former Treasury secretary Martin Parkinson will reportedly use a National Press Club speech to call for economic reform to avert stagflation.
According to the Australian Financial Review, Parkinson will advocate for reforms to the skilled migration system to boost the working-age population and the economy’s growth potential.
“We need to incentivise innovation and investment, to raise the speed limits on our growth rate. And we need a larger working-age population, or a far more productive working-age population”, Parkinson will say, according to speech notes.
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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.