{"id":65297,"date":"2025-08-14T01:30:09","date_gmt":"2025-08-14T01:30:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/65297\/"},"modified":"2025-08-14T01:30:09","modified_gmt":"2025-08-14T01:30:09","slug":"another-lost-decade-beckons-for-australians","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/65297\/","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\/uk\/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\/uk\/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":65298,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-65297","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/65297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=65297"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/65297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/65298"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=65297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=65297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=65297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}