Weaker incomes, soft consumer spending and higher inflation will persist if the economy’s flatlining productivity fails to rebound, the Reserve Bank of Australia has warned.
Labour productivity – how many goods and services are produced per hour worked – has been languishing at 2016 levels.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
