Treasurer Jim Chalmers says the government remains optimistic about the future despite big challenges detailed in latest intergenerational report
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Australia’s growth rate will slow from a long-run average of 3.1% to 2.2%, with lower workforce participation, slower productivity and population growth weighing down economic wellbeing.
That is the conclusion of the intergenerational report (IGR), released on Thursday by the treasurer, Jim Chalmers, who will argue that the government is still “optimistic” that Australia can “own the future” through investments to lift productivity, including in renewable energy.
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