Australia to hold national roundtable to boost productivity

Economists, business leaders, and unions are gathering in Canberra this week for a national roundtable aimed at boosting Australia’s productivity.

Treasurer Jim Chalmers says has a realistic, but also optimistic expectation of the roundtable’s outcomes. Source: AAP / MICK TSIKAS/AAPIMAGE

Key Points

• According to the Reserve Bank, productivity refers to the amount of output produced using limited resources or input.
• The roundtable is being held because Australia’s productivity growth has been low in recent decades.
• Treasurer Jim Chalmers said that now is the right time to discuss the issue and explore ways to improve the country’s productivity.

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Australia to hold national roundtable to boost productivity

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