Treasurer says AI key to raising productivity, lowering interest rates
Australian Treasurer Jim Chalmers said Friday that artificial intelligence is central to boosting productivity and eventually lowering interest rates. Australia's productivity has stagnated for two decades, forcing businesses to raise prices rather than improve output, driving inflation. Chalmers expects the government's intergenerational report, due by year-end, to prioritize AI and productivity as economic growth levers.
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Published 17 Jul 2026, 03:22 UTC · Updated 17 Jul 2026, 03:30 UTC
Summary by OZbrief Editorial. Original report: ABC News – Australia. Editorial policy · Corrections
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