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Australia's shallowing economy drives collapse in living standards
5+ hour, 48+ min ago (56+ words) Australia’s shallowing economy drives collapse in living standards MacroBusiness Australia’s shallowing economy drives collapse in living standards Poor productivity growth is the single biggest pressure point facing the Australian economy. Australia has ranked among the poorest in the OECD over…...
Why Australia is stuck in a low-productivity trap
6+ day, 3+ hour ago (103+ words) The single most pressing issue facing the Australian economy is poor productivity growth. Australia has ranked among the poorest in the OECD over the past decade on labour productivity growth. ‘Capital shallowing’ is one reason for Australia’s poor productivity growth....
Australia's per capita economy is in deep trouble
1+ week, 21+ min ago (307+ words) The single most significant problem facing the Australian economy is low productivity growth. Australia’s labour productivity growth has ranked among the poorest in the OECD over the past decade and has barely increased since then. Chart by Justin Fabo at…...
Will you pay for AI to take your job?
2+ week, 4+ hour ago (173+ words) David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics…...
Australia's Growth Mirage — Inflation, Not Prosperity
3+ week, 2+ day ago (200+ words) Australia’s Growth Mirage — Inflation, Not Prosperity MacroBusiness Australia’s Growth Mirage — Inflation, Not Prosperity By Alex Joiner, chief economist at IFM Investors For most of the last decade, Australians have been told a reassuring story: the economy is growing, unemployment is…...
Canada's "ugly" growth experience holds lessons for Australia
1+ mon, 1+ week ago (348+ words) Canada’s newly declared recession has exposed how heavily the country’s headline GDP growth relied on record‑high immigration, with Prime Minister Mark Carney acknowledging that reducing immigration contributed to the downturn, according to the National Post. Analysts argue this simply…...
Has Politics become HR which nobody believes is much more than bullshit?
1+ mon, 4+ week ago (1049+ words) A couple of weeks ago, a mate with whom I once worked and now works for the BBC beamed me a copy of a letter he had sent to the new BBC chief, Matt Brittin, who took up his role…...
Government job boom stifles productivity growth
4+ mon, 1+ week ago (169+ words) Justin Fabo from Antipodean Macro produced the following chart, showing how Australia’s labour productivity growth (i.e., GDP per hour worked) has ranked among the poorest in the advanced world over the past decade. One of the longer-term factors behind Australia’s…...
Australia must fix these things to improve productivity
4+ mon, 3+ week ago (501+ words) Last week, the Australian Bureau of Statistics (ABS) released wage data for the December quarter, which revealed that real inflation-adjusted wages fell by 0.3% in 2025, tracking at the same level as December 2011. The Reserve Bank of Australia’s (RBA) latest Statement of…...
Without productivity growth, living standards won't grow
5+ mon, 3+ day ago (102+ words) Without productivity growth, living standards won’t grow MacroBusiness Without productivity growth, living standards won’t grow - US real GDP growth is 4.4%, compared with Australia’s 2.1%. - US CPI inflation is 2.4% compared with Australia’s 3.8%. - The US is still cutting interest rates, while Australia is…...