Original article by Jacob Greber, Ben Potter
The Australian Financial Review – Page: 1 & 2 : 21-Jul-14

The Melbourne Economic Forum has warned of a sharp rise in the unemployment rate and a reduced standard of living if Australia fails to take action to increase productivity. Economic modelling by the forum suggests that the jobless rate will rise to 6.6 per cent late in 2015 without such reform. Victoria University’s Professor James Giesecke says that productivity will need to grow by 0.7 per cent each year simply to preserve the current standard of living

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MELBOURNE ECONOMIC FORUM, VICTORIA UNIVERSITY, AUSTRALIA. DEPT OF THE TREASURY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, UNIVERSITY OF MELBOURNE, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA