Australia's persistent productivity problems are showing no signs of improvement, according to SGH chief executive Ryan Stokes. In a stark warning, Stokes highlighted the urgent need for action to address the nation's economic challenges.
Productivity stagnation concerns
Speaking on Thursday, 21 May 2026, Stokes emphasised that the country's productivity growth has remained sluggish, threatening long-term economic prosperity. He noted that despite various policy efforts, the underlying issues have not been resolved.
"We are seeing a continued lack of productivity improvement across multiple sectors," Stokes said. "This is a major concern for Australia's future competitiveness and living standards."
Call for comprehensive reforms
The SGH chief called for a comprehensive approach to boost productivity, including investment in technology, infrastructure, and education. He urged both government and business leaders to prioritise productivity-enhancing measures.
- Investment in digital transformation and automation
- Upgrading transport and energy infrastructure
- Reforming education and training systems to better align with industry needs
- Reducing regulatory burdens on businesses
Stokes' comments come amid ongoing debate about Australia's economic performance, with many experts warning that productivity growth has been below the OECD average for years.
Impact on living standards
Productivity growth is a key driver of higher wages and improved living standards. Without significant improvements, Australia risks falling behind other advanced economies, Stokes warned.
"We cannot afford to be complacent," he said. "The time for action is now."
