Ai Group Submission 2020-21 Federal Budget:
“Australia’s economy slowed to a crawl in 2018-19 with weak growth in real GDP and domestic demand in all four quarters of the year. Patchy results were evident across business activity, sales, profitability, investment and employment growth, with a notable slowing in non-mining industries. This pattern of uneven, patchy growth has continued into 2019-20. Of even greater concern is the recent trend toward weaker national productivity culminating with an outright fall in 2019.”