Last decade saw Australia’s lowest productivity growth in 60 years, intergenerational report says

Labor to lay out new economic growth plans in response including focus on digital technologies and aiming to become a ‘renewable energy super power’

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The last decade saw Australia experience its lowest productivity growth in 60 years, and the Albanese government is concerned it will continue if the country does not adjust to large structural changes in the economy, including the transition to net zero.

The latest intergenerational report – to be released in full by the treasurer on Thursday – shows productivity growth remaining a problem, with Australia no more immune to sluggish growth than other major economies around the world.

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