Australia has turned the tide on its productivity slump but a top economic agency says more needs to be done to spur long-term growth. Labour productivity has been in freefall as the economy returns to normal after the pandemic, but the Productivity Commission says there are early signs the COVID-19 bubble has burst. In a quarterly assessment of productivity performance, based on national accounts data, the commission said fewer hours worked per person - not higher output - was responsible for an improvement. Labour productivity rose increased 0.9 per cent in the September - the first quarterly growth since March 2022 - but was…
