Higher Debt Costs Here To Stay!

So will there be a get out of jail card? Well, according to Commonwealth Bank and artificial intelligence giant Anthropic are both tipping AI will deliver a productivity bonanza for Australia, aligning with Treasurer Jim Chalmers’ Intergenerational Report, which some have criticised as too optimistic in its long-term outlook. The Treasury tipped AI to help productivity recover within five years, but Reserve Bank of Australia governor Michele Bullock said there was not yet clear evidence of AI tools boosting productivity and that benefits could be 10 years away. Bullock said while her central bank colleagues around the world agreed AI was […]