The Reserve Bank of Australia’s (RBA) latest forecasts, contained in the February Statement of Monetary Policy (SoMP), show that real gross domestic product (GDP) is expected to grow by just 1.6% in the year to June 2028. This is the central bank’s lowest medium-term growth outlook since it began releasing forecasts in 1990. Stephen Smith
The post Australia must lift productivity to raise living standards appeared first on MacroBusiness.