Australia’s 40-Year Economic Outlook Omits Crypto

Australia’s 40-Year Economic Outlook Omits Crypto

Australia’s Treasury identified AI as a major force expected to reshape the economy over the next 40 years but made no mention of crypto or digital assets.

Watch Australia Bets on AI to Spur Economic Growth For Decades

Australia is betting on AI to drive economic growth over the next 40 years. The Treasury’s Intergenerational Report says the technology is expected to help deliver its long‑term labor productivity target of 1.2% a year. It also estimates $150 billion could be spent on data centres by 2030. ANZ's Group Chief Economist, Richard Yetsenga, joins "Bloomberg: The Asia Trade" to discuss what this means for Australia's growth outlook.

AI forecast to increase Australia's productivity and cut debt - ABC listen

Federal Treasurer Jim Chalmers says artificial intelligence is the biggest economic transformation of our lifetime. The latest intergenerational report, released today, forecasts that AI will play a pivotal role in increasing productivity and reducing gross debt. New South Wales Premier Chris Minns says society must confront the scourge of domestic and family violence, after four separate incidents across the state over the weekend... including …

Intergenerational Report says AI will be ‘a defining influence’ on Australia’s economy over next 40 years

Artificial intelligence (AI) will be “a defining influence” on Australia’s economy over the next 40 years, according to the Intergenerational Report (IGR) released by Treasurer Jim Chalmers on Monday. Australia is also expected to experience lower growth, a decline in the birth rate and unending budget deficits. As Prime Minister Anthony Albanese makes AI a central issue of discussion during his current trip to the United States, the IGR emphasi…

Australia’s 40-Year Outlook Cites ‘AI Revolution’ but Skips Crypto

Australia’s new 40-year Intergenerational Report—released by the Australian Treasury—spotlights artificial intelligence as one of the major forces expected to reshape the economy. Yet the document does not mention crypto or digital assets, even as separate government work in recent months has pointed toward tokenization and upgrades to financial infrastructure. In the report published Monday, Treasury [...]

AI will be ‘a defining influence’ on Australia’s economy in the next 40 years, according to Treasury's new Intergenerational Report

Govt budgets will come under strain as Australia grapples with an ageing population, debt and slow economic growth a new report says.