Goldman Sachs says closing gender gap could boost Australian GDP by 8 per cent

Goldman Sachs says closing gender gap could boost Australian GDP by 8 per cent

The Straits Times - Asia·2019-11-27 11:52

SYDNEY (BLOOMBERG) - Australia's economy would be boosted by up to 8 per cent if the employment gap between men and women narrowed further, according to Goldman Sachs Group.

Workplace participation is still skewed toward males, despite progress over the past decade that sees Australia now sit in the top 10 OECD economies for female participation rates, an update of a report the investment bank first produced a decade ago showed.

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