Reserve Bank of Australia deputy governor targets productivity boost


Philip Lowe, the Reserve Bank of Australia (RBA) deputy governor, today said a "substantial increase in productivity growth" will be needed if the country is to achieve "anything like the type of growth in real per capita income" that it has become accustomed to.

Lowe, speaking at a conference on productivity measurement, drivers and trends, reflected on the "unusually strong growth" in the average real income generated by each hour of work by the Australian population. Initially, this was

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