Pedestrians walk by a Gucci store in the central business district (CBD) in Sydney, Australia on Nov. 28, 2025. Lisa Maree Williams/Getty Images
The Organisation for Economic Cooperation and Development (OECD) has found Australian industries are less and less competitive, falling behind the United States.
In a newly released survey, the OECD praised the Australian government’s attempts to turn the economy around following the COVID-19 pandemic, but warned that “a sustained consolidation effort” is needed at both national and state levels to reduce budget deficits.
