EconomyAustralia Bets on AI to Spur Economic Growth for Decades

Name: Australia Bets on AI to Spur Economic Growth for Decades
Uploaded: 2026-09-22T04:06:22.000Z
Description: Australia is counting on artificial intelligence to drive economic growth over the next 40 years. A Treasury intergenerational report says AI could help meet a long-term labor productivity target of 1.2% annually, while data-center spending could reach $150 billion by 2030. ANZ chief economist Richard Yetsenga discusses the implications for the country’s growth outlook.

Australia is counting on artificial intelligence to drive economic growth over the next 40 years. A Treasury intergenerational report says AI could help meet a long-term labor productivity target of 1.2% annually, while data-center spending could reach $150 billion by 2030. ANZ chief economist Richard Yetsenga discusses the implications for the country’s growth outlook.

Bloomberg Television 2026-09-22 04:06