Small productivity rebound is nothing to celebrate
Ronald MizenSenior reporter
Australia’s 18-month-long productivity slump has bottomed out, according to the government’s chief economic policy adviser, but GDP per hour is still bouncing around 2016 levels, which requires government reforms.
Deutsche Bank economists dismissed the interest rate implications of the decline, saying an outsized contribution came from mining, which has little influence over final domestic consumer prices.
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Ronald Mizen reports on politics, economics, business and the law, with a focus on corporate regulators, lobbyists and investigations from Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
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