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Past Notice Kate Melville Past Notice Kate Melville

RBA and Productivity Commission warn of weak productivity growth 

Reserve Bank of Australia (RBA) economist Michael Plumb has warned that weak productivity growth is limiting Australia’s economic potential, with labour productivity barely improving since 2016. While the RBA expects a recovery to one per cent growth in the medium term, past projections have not materialised, raising concerns about long-term economic stagnation.

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