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AAP
AAP
Business
Jacob Shteyman and Andrew Brown

Worse than 2007: productivity stat bad news for the RBA

Reserve Bank Shane Oliver Paul Bloxham Economy Australia RBA United States
Declining productivity underscores need for greater reform to turn the economy around, analysts say. (Susie Dodds/AAP PHOTOS)

Productivity in government-funded jobs such as health and aged care has fallen below 2007 levels, underscoring the need for more reform to turn around Australia's stagnating economy.

Fresh figures from the Australian Bureau of Statistics showed productivity declined 0.2 per cent in the year to June after a flat result in the June quarter.

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