A new Treasury paper published on Friday suggests productivity growth will likely be slow in the coming years and could lead to downgrades in long-term fiscal and economic forecasts. A lot has happened since then, but improved productivity growth hasn’t been one of them. Productivity growth in advanced economies has been slowing since the turn of the century and New Zealand has been among the worst affected. What can be doneThe Coalition Government has policies intended to tackle some of the productivity problems, such as education, directly. Treasury said international trade and investment can support productivity through knowledge and technology sharing, economies of scale, and increased competition.

Source: Stuff May 05, 2024 06:07 UTC