Grattan Institute

One of the big policy debates in Australia and around the world right now is whether economic growth will be slower in the future than in the past. Nearly a decade after the Global Financial Crisis and economic growth remains weak in many rich nations. Australia has been an exception to the malaise, but growth has slowed as the mining boom winds down. A growing number of voices are wondering whether we’ve entered a “new normal” of slower economic growth, which would have big implications for Australians’ future living standards, our public policy choices and the state of our politics. In part 1 of this two-episode podcast, with the help of Australian Perspectives Fellow Brendan Coates and Productivity Growth Director Jim Minifie, we take a deep dive into the evidence that economic growth may be slower in the future and what might explain it. Stay tuned for part 2 where we will discuss what policymakers could do in response. Further readings To help listeners navigate the debate, below are a few references