The problem at this point in time is to determine whether the recent improvements in productivity growth do, or do not, represent the beginning of an inversion of the declining trend observed of the last decade.
Philip Lowe: Recent economic developments Speech by Mr Philip Lowe, Governor of the Reserve Bank of Australia, at the Australian Financial Review’s (AFR) Business Summit, Sydney, 9 March 2022. * * * Thank you for the invitation to participate in this year’s AFR Business Summit. It is very good to be with you again. I would like to cover four issues today: 1.