19 May 2025 | Other

Australian Productivity Commission Chair calls for reforms

Australian Productivity Commission Chair calls for reforms

The Chair of Australia’s Productivity Commission, Danielle Wood, has declared the urgent need to address labor productivity growth, which has fallen to its lowest level in 60 years. She emphasized that current conditions demand measures to optimize workforce utilization, technologies, and the nation's natural resource management.

An analysis of the past decade data reveals a troubling trend: despite 25% overall economic growth, GDP per capita rose by just 7.7%. As Bloomberg economist James McIntyre says, this gap reflects weak labor productivity rise. Previously, the economy compensated for this deficiency by increasing the population size, extending working hours, and maintaining high energy prices. However, under the current US trade policy, these factors can no longer serve as a basis for sustainable development.

Danielle Wood emphasizes the need for reforms in 15 areas, including taxation and energy infrastructure. As Bloomberg notes, restoring productivity growth is key to maintaining living standards and securing long-term economic growth.

Period: 31.05.2026 Expectation: 4500 pips
Selling EURUSD from resistance
20 March 2026 41
Period: 27.03.2026 Expectation: 900 pips
USDCAD resistance looms as overheating sets in
20 March 2026 41
Period: 27.03.2026 Expectation: 1050 pips
AUDCAD thrives on monetary divergence
20 March 2026 29
Period: 31.03.2026 Expectation: 800 pips
Buying Brent crude with $115 in view
20 March 2026 47
Gold sell
Period: 31.03.2026 Expectation: 600 pips
Selling gold upon breaking $4,560
20 March 2026 44
Period: 30.04.2026 Expectation: 2000 pips
SPX selloff to follow once it consolidates below $6,600
20 March 2026 24
Go to forecasts