Why has growth slowed globally? It has something to do with technology
- Written by Richard Holden, Professor of Economics, UNSW
Even before COVID-19 hit, Australia was experiencing slow growth in GDP per capita and real wages.
There has been a distinctly lower rate of both economic and real wages growth since the financial crisis of 2008-09.
Advanced economies around the world have, to varying degrees, witnessed the same trends. If anything, Australia has done slightly...