We know consumers — or shoppers — are driving the economy forward, but is that sustainable?
"Saving rates are still high but are mainly held by higher-income families," the National Australia Bank's chief economist Alan Oster says. In other words, along with many households spending some of their savings, just being able to get out and about has prompted people to spend.
What? The best economic management team in the world, the lnp screwed up, how could it be so?
No surprises there then. We knew that the COALition would leave the pantry bare whilst lining their own pockets. No doubt chortling all the way to the Bank. AustraliaVoted2022 auspol
Who cares about gross GDP figures? It's got nothing to do with how well we are doing as people, society, or environment. Stop reporting on it. Totally unhelpful. auspol
You watch.. the conservatives & rightwhinge stooges will be crying 'look,see what they've done already in only 1 week in office...imagine in 3 yrs!' Then some rant about the sky falling or something about 'bloody teal & green voters'
The whole planet's economy is struggling, in saying that Australia has one of the better economies. Hopefully Labor can improve on what experts say is going to be a struggle for them.
Not only is Australia's economy stalling ,it has future fiscal spending and deficits that generations of Australians will not be able to repay…
The economy has been heading down the toilet for years. But you LNP cheerleaders made it sound great up until the election.
Wow, I see all the LibShills are out in force today. No doubt trying to earn their last paycheck before they lose their jobs. GDP figures cover the time when the Libs were in office. You know, the government that gave us the first recession in 30 years.
Voting Labor have financial consequences.
This all happened on AlboMP watch. He should be ashamed of himself, he's destroyed this economy and our jobs... That's how this works right? PS, what happened to that 5.1% pay rise? Oh that's right....all BS.
Labor’s fault!!🤦♂️🤦♂️🤦♂️🤦♂️