Productivity is a ‘big issue’ for the economy going forward
S&P Global Ratings’ Anthony Walker says productivity is a “big issue” for the economy going forward.
The looming federal budget will need to strike the right balance between providing cost of living relief and not loading up Australian consumers and businesses with too much extra cash.
Productivity is a ‘big issue’ for the economy going forward
Mr Walker told Sky News Australia that the economy has been “underperforming” government forecasts on productivity.
“In reality its been very, very difficult to g productivity higher,” he said.
“In fact the last couple of years its been very weak outcomes on productivity.”