We need productivity on the election agenda
With Australia’s productivity performance in recent years dismal, policymakers should focus on areas of reform that could help to lift productivity and support new growth engines.
With Australia’s productivity performance in recent years dismal, policymakers should focus on areas of reform that could help to lift productivity and support new growth engines.
Unless we do something to turn around the faltering productivity, we will be less prosperous economically. The issue should be on the agenda during this year’s federal election campaign.
Making sense of the economy at the moment is more difficult than usual. Despite growth slowing to a near stall speed, price and cost pressures are still too strong.
Market pricing for the RBA has shifted substantially over the past month, despite little local data and few published remarks from the RBA.
Without economic reform, Australia’s ‘unique talent’ for avoiding recessions may wear thin.
If we expect growth to be increasingly driven by visitors from Asia, we will need better roads, railways and airports.
It is likely that Australia’s dearth of non-mining investment is a temporary phenomenon.
WE have avoided excessive asset price inflation.
Australia’s government finances are in much better shape than most of the developed world.
Original URL: https://www.theaustralian.com.au/author/paul-bloxham