Michele Bullock keeps telling us productivity is flatlining. How it changes may well determine if the Reserve Bank will tolerate wage rises beyond 3%
RBA governor Michele Bullock says productivity has been volatile since the pandemic but expects it back towards its trend level in the next year or so.RBA governor Michele Bullock says productivity has been volatile since the pandemic but expects it back towards its trend level in the next year or so.are right, we should be close to a nadir with a sustainable upswing on the way – provided we can get more efficient at what we do.
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