Productivity one of the most ‘fundamental economic challenges’ for Australia

Australian Chamber of Commerce and Industry CEO Andrew McKellar says productivity is one of the most “fundamental economic challenges” that Australia is facing. Treasurer Jim Chalmers is inviting states to compete for a share in a $900 million fund aimed at turbo-charging lagging productivity. It comes as annual wage growth has slowed from 4.1 per cent to 3.5 per cent.