Original article by Michael Read, Patrick Durkin
The Australian Financial Review – Page: 1 & 4 : 22-Jul-26

New data shows that Australia’s GDP growth per capita has been just four per cent so far in the current decade, while there is unlikely to be significant growth in coming years. This could potentially put the nation on track to record the lowest growth since the 1910s, when GDP per capita fell by 12 per cent due to factors such as the economic impact of World War I, a severe drought and the Spanish flu pandemic. Former Reserve Bank governor Philip Lowe has warned that Australia’s living standards have stagnated and there has been no net growth in per capita incomes for at least seven years. He adds that fundamental public policy reform is needed in order to encourage businesses to invest in Australia.

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