Part 3/5:
Treasurer Jim Chalmers acknowledged the sluggish productivity figures during his recent speech, recognizing that these trends highlight the need for long-term structural reforms. He expressed confidence that the progress made on addressing cyclical economic issues provides a solid foundation for tackling deeper, structural challenges.
Chalmers emphasized the importance of leveraging current gains to address broader issues plaguing the economy, particularly its lack of resilience and productivity. The government aims to use this as a stepping stone toward more sustainable growth, even as external uncertainties loom.