Some are structural in nature and others will not be overcome until a tight national labour market is sustained for some time. As I will discuss shortly, our monetary policy strategy is designed to achieve this. It is also noteworthy that fiscal policy is also seeking to achieve lower unemployment in Australia.
Productivity growth I would now like to turn to a third issue that will shape the expansion: that is productivity growth. Earlier, I spoke about how the economic strategy during the early days of the pandemic was to build a bridge to the other side.