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The Guardian - AU

National

Amy Remeikis

Last decade saw Australia’s lowest productivity growth in 60 years, intergenerational report says

Australia Jim Chalmers IGR Economic Growth Renewable Energy

Jim Chalmers — The treasurer, Jim Chalmers, says the intergenerational report’s predictions are not a ‘foregone conclusion’. Photograph: Jono Searle/AAP

The last decade saw Australia experience its lowest productivity growth in 60 years, and the Albanese government is concerned it will continue if the country does not adjust to large structural changes in the economy, including the transition to net zero.

The latest intergenerational report – to be released in full by the treasurer on Thursday – shows productivity growth remaining a problem, with Australia no more immune to sluggish growth than other major economies around the world.

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