Australia punching below its weight in living standards growth. The optimist take would be that we already had high standard. The likely take is: wages growth suppression and COVID money printer 
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Sad face 😞
Regarding the the debt chart above...I've been reading @Lawrence Lepard Big Print and he lays out that crossing 130% is historically the beginning of a currency meltdown. So I was confused about Singapore's position in this chart.
Turns out that the debt is just for strategic investment (they have a law against spending on shortfalls), the government also holds a very large stock of financial assets. So Singapore has no net debt — it’s actually a large net creditor. Norway, HK and Switzerland are similar but with much lower debt ~50%.