Jim Chalmers pretends to care about productivity growth
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Australia’s productivity growth over the past decade has been among the poorest in the OECD, hampering economic and per capita growth and contributing to the nation’s inflationary pressures.
Chart from Justin Fabo at Antipodean Macro
The Australian’s Matthew Cranston revealed that Treasurer Jim Chalmers has asked Treasury officials in the “structural reform branch” to develop new productivity policies for next month’s mid-year budget update.
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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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