House debates Questions without Notice

Economy

Tuesday, 19 June 2007 House of Representatives

Kevin Rudd

Kevin Rudd Griffith, Australian Labor Party, Leader of the Opposition

2:01 pm

Prime Minister, is it not the case that the latest official ABS figures show that productivity growth averaged 3.3 per cent per annum in the five years from 1993-94, falling to 2.1 per cent in the five years from 1998-99, and that so far, in the most recent cycle, growth has slumped to an average of just one per cent per annum in the three years since 2003-04? Prime Minister, don’t these statistics prove that there has been a long-term structural decline in Australia’s productivity growth?

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