The global economy may become more fragmented and uncertainty will increase. Over the next 40 years, Australia will rely on the implementation and development of artificial intelligence to drive economic growth. According to the “2026 Intergenerational Report” released by the Australian Treasury on Monday, “the rise and application of artificial intelligence may help achieve” long-term labor productivity growth expectations of 1.2%, a figure similar to the 2023 report. Speaking at the Australian National University and announcing the contents of the report, Finance Minister Jim Chalmers said, “Our strengths in the 2010s — commodity demand, education and tourism advantages — will be transformed into new advantages in the fields of renewable energy, key minerals, perfect institutional systems, strategic partnerships, and artificial intelligence enabled services.” After his speech, when asked about the productivity growth forecast set by the Ministry of Finance, Chalmers said, “This productivity indicator also has upward potential, so we think 1.2% is a very suitable balance.”

The global economy may become more fragmented and uncertainty will increase. Over the next 40 years, Australia will rely on the implementation and development of artificial intelligence to drive economic growth. According to the “2026 Intergenerational Report” released by the Australian Treasury on Monday, “the rise and application of artificial intelligence may help achieve” long-term labor productivity growth expectations of 1.2%, a figure similar to the 2023 report. Speaking at the Australian National University and announcing the contents of the report, Finance Minister Jim Chalmers said, “Our strengths in the 2010s — commodity demand, education and tourism advantages — will be transformed into new advantages in the fields of renewable energy, key minerals, perfect institutional systems, strategic partnerships, and artificial intelligence enabled services.” After his speech, when asked about the productivity growth forecast set by the Ministry of Finance, Chalmers said, “This productivity indicator also has upward potential, so we think 1.2% is a very suitable balance.”