Australia’s economy is slowing. Productivity has flatlined, debt is soaring, and growth has frozen. What caused one of the world’s strongest economies to stall and how can we fix Australia’s productivity crisis?
Not long ago, Australia sat comfortably in the global top tier. Our per-capita income was higher than the United Kingdom’s, Germany’s, Sweden’s and even Japan’s. We’d dodged the Global Financial Crisis. We’d enjoyed more than two decades without a recession.
But that momentum has vanished. Productivity is stuck at 2016 levels, household incomes are falling, and public debt is soaring.
What can be done?
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