Stephen Walters, NSW Chief Economist, gave an excellent presentation at EY for the Sydney Financial Forum about the Australian economy and its prospects. Due to strong headwinds affecting energy prices, as well as inflation related to events in the Ukraine and China, he stressed the need for reform to improve productivity. Areas he considered need major reforms are:
Tax incentives
Early learning
Employment of Women
International migration
Vocational education
Energy - in ST ensure available supply meets demand. LT make transition to net zero
Make it easier for people to enter the housing market
Connect universities with ideas to possibilities for commercialisation
Bring more retired people back into the workforce