AFR·2 min read·medium
Australia faces worst decade for living standards growth since WWI
M
Michael Read
✦AI Summary
Australia is on track for its weakest decade of living standards growth since World War I, according to economic data. Former Reserve Bank governor Philip Lowe suggests that stagnant productivity and external economic shocks necessitate fundamental policy changes to boost investment.
Michael Read Deputy economics editor Jul 22, 2026 – 5.00am Australia is heading for its weakest decade of living standards growth in more than a century, fuelling support for One Nation and prompting former Reserve Bank governor Philip Lowe to warn that fundamental policy change is needed to encourage business investment.
economypolitics
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