Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 19-Jul-23

Australian Industry Group CEO Innes Willox is amongst the business leaders who have expressed support for comments made by Reserve Bank governor Philip Lowe regarding productivity. Lowe told the G20 meeting on Monday that low productivity worldwide is a bigger challenge than inflation, and that there is no political will to implement measures to address the problem. Willox says there has been a lack of real policy focus on productivity agenda for more than 15 years. Business Council of Australia CEO Jennifer Westacott in turn contends that industrial relations policy right is the key to addressing the nation’s productivity challenge.

CORPORATES
THE AUSTRALIAN INDUSTRY GROUP, RESERVE BANK OF AUSTRALIA, BUSINESS COUNCIL OF AUSTRALIA