Intergenerational Report spins productivity growth fairytales

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The Australian newspaper has recently published a detailed report showing how Australia is facing its worst decade of productivity growth in more than 60 years of records, following last decade’s anaemic growth, which is currently the worst decade on record:

Labour productivity growth by decade

Chart from The Australian newspaper

Australia’s labour productivity growth this decade has ranked among the very poorest in the advanced world:

Labour productivity growth since 2019

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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