A new study has found that Australia’s productivity growth has declined markedly in the past two decades and is currently at the lowest level in 60 years.
According to the Productivity Commission’s (PC) latest interim report, Australia’s labour productivity growth fell from around 2.3 percent in 1990-2000 to about 1.2 percent in 2010-2020, which was well below the 60-year average of 1.7 percent.
