{
  "id": 8829946,
  "title": "Intergenerational Report says AI will be ‘a defining influence’ on Australia’s economy over next 40 years",
  "url": "https://urgent.news/2026/09/21/intergenerational-report-says-ai-will-be-a-defining-influence-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T02:39:23.000Z",
  "source": {
    "name": "The Conversation AU",
    "slug": "the-conversation-au",
    "url": "https://theconversation.com/intergenerational-report-says-ai-will-be-a-defining-influence-on-australias-economy-over-next-40-years-291996"
  },
  "original_language": "en",
  "account": "The Intergenerational Report (IGR) released by Treasurer Jim Chalmers indicates that artificial intelligence (AI) will significantly shape Australia's economy over the next 40 years. This report, the first since 2023, presents both challenges and opportunities for Australians. Australia is expected to experience lower growth, a decline in the birth rate, and ongoing budget deficits during this period. The precise impact of AI on productivity remains uncertain, varying depending on its adoption and Australia's position within global supply chains. Nevertheless, the report suggests that Australia is well-equipped to handle the difficulties ahead due to its resilient economy, skilled workforce, and stronger budget position compared to other advanced economies. Additionally, Australia's younger population and strengths in energy transition and AI revolution provide further advantages. The report emphasizes that the government's ambitious reform agenda is focused on ensuring Australians benefit from change. In the mid-2060s, the Australian economy is projected to more than double in size relative to its current state, with per capita income expected to be 55% higher. Economic growth is projected to be weaker, at 2% annually, compared to 3% over the previous 40 years. The IGR highlights ten key government priorities, including making productivity a whole-of-government priority, harnessing AI for national interest, building an adaptable workforce, attracting talent through skilled migration, rebalancing the tax system, ensuring more secure housing, delivering cleaner and cheaper energy, boosting national resilience, and improving budget sustainability.",
  "summary": "The report has a more political streak than these long-term documents usually do.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}