It’s time for a national conversation on productivity

“If we are going to get out of this productivity mess, there is going to need to be good policy but also greater co-operation across the political spectrum,” Cameron Bagrie writes. (Image: File)

Cameron Bagrie

Fri, 22 Nov 2024

Houston, we have a serious problem. It’s time for a national conversation on productivity, which drives living standards and underpins our wellbeing.That is my takeout from an announcement by the Treasury’s chief economic adviser that the latest evidence points to a likely further downgrade to its economic and fiscal forecasts.The evidence has been around for a while, it’s just been looked over and assumed we’ll return to a long-term trend in growth as if nothing has changed.“The key reason is accumulating evidence...

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