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The single most significant problem facing the Australian economy is low productivity growth.
Australia’s labour productivity growth has ranked among the poorest in the OECD over the past decade and has barely increased since then.
Chart by Justin Fabo at Antipodean Macro
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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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