From rocks to racks: Australia’s data centre boom
Australia is on the cusp of another investment boom. But it’s not resources this time. It is a mammoth data centre pipeline, with Australia leveraging its abundance of land, legal and political stability, renewable energy potential and subsea cable connections to make the most of the AI boom.
The impending boom puts Australia on an enviable path. But it is not without risks. Capacity constraints are already frustrating businesses and the Reserve Bank of Australia. Another wave of investment could exacerbate these pressures, keeping inflation and interest rates higher for longer, while squeezing the non-AI parts of the economy. And with so many growth eggs in the AI basket, the outlook will look more precarious if the boom goes bust.
In this webinar, Oxford Economics’ experts will explore these dynamics, as well as how AI adoption will affect workers and productivity, developments from the Middle East conflict, and the broader global macroeconomic outlook.
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Speakers