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Australia’s future set to be bigger, older, poorer

Australia’s future set to be bigger, older, poorer

Australia’s population is set to increase to more than 40 million in the next 40 years, eclipsing previous estimates, a highly anticipated report is expected to show. To be released by Treasurer Jim Chalmers on Thursday, the sixth Intergenerational Report (IGR) – which covers trends in population, productivity and spending – will reveal the longer-term...

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‘Problem’: Productivity at woeful level

‘Problem’: Productivity at woeful level

Australia’s productivity growth has fallen to its lowest level in 60 years, averaging just 1.1 per cent a year. The new figures are part of the Productivity Commission Report, which Treasurer Jim Chalmers says confirms “Australia has a productivity problem”. In a speech to be delivered on Thursday, the Treasurer was quick to blame his...