No ‘crisis’ with Australia’s current productivity slump

KPMG Australia’s economics team presents its analysis and findings on whether Australia is undergoing a real ‘productivity crisis’.

Australia, according to some, currently finds itself in such a ‘productivity crisis’, with real GDP per hour worked having fallen from its peak at the end of 2022 and is still at levels last recorded at the end of 2019. KPMG latest research paper on Australia’s productivity growth trends presents analysis and findings on the current productivity growth performance of Australia. In doing so, we consider if the use of the term ‘crisis’ appropriately describes the current situation or whether ...

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Authors: Brendan Rynne, Michael Malakellis

Published Date: 12 July 2024