{"id":66602,"date":"2025-08-14T02:58:07","date_gmt":"2025-08-14T02:58:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/66602\/"},"modified":"2025-08-14T02:58:07","modified_gmt":"2025-08-14T02:58:07","slug":"another-lost-decade-beckons-for-australians","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/66602\/","title":{"rendered":"Another lost decade beckons for Australians"},"content":{"rendered":"<p>Australia\u2019s economy suffered a lost decade in the 2010s amid the collapse in per capita GDP and productivity growth.<\/p>\n<p>This decade is shaping up as another lost decade, with the economy trapped in a long per capita recession amid the worst labour productivity growth in the advanced world.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/Per-capita-GDP-immigration-and-productivity.png\" width=\"660\" height=\"396\" alt=\"Per capita outcomes\"\/><\/p>\n<p>The August Statement of Monetary Policy (SoMP) from the Reserve Bank of Australia (RBA) warned that the domestic economy can now only sustain a GDP growth rate of just 2% annually, implying that per capita GDP will barely grow.<\/p>\n<p>Advertisement<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/Potential-GDP.png\" width=\"572\" height=\"624\" decoding=\"async\" loading=\"lazy\" alt=\"Potential GDP\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"Australia\u2019s economy suffered a lost decade in the 2010s amid the collapse in per capita GDP and productivity&hellip;\n","protected":false},"author":2,"featured_media":66603,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-66602","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/66602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=66602"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/66602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/66603"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=66602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=66602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=66602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}