Australia's economy grows but lacks productivity gains

Summarised from 2 outlets · Updated 6 Oct, 17:49 · Archive

Population growth is masking Australia's failure to boost productivity, a Deloitte economist warns.

A Deloitte economist has warned that Australia is confusing economic size with economic health. The nation has prioritised population growth over productivity gains, resulting in what the economist describes as 'recession-like' conditions despite the overall economy continuing to expand.

This reliance on population growth to drive headline economic figures masks underlying weakness in the economy's actual productivity and prosperity. The economist's comments suggest Australia risks sustained underperformance if it continues to prioritise population expansion without corresponding improvements in output per worker.

How it is being reported

• Population growth not stopping 'recession-like' economyPerth Now · 6 Oct, 17:31
• Population growth not stopping 'recession-like' economyThe West Australian · 6 Oct, 17:31

In this story: Australia · Deloitte

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