Business conditions suffer worst fall since GFC: NAB survey

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Business conditions in Australia have experienced their steepest monthly fall since the global financial crisis, with retail being the worst-performing industry, according to NAB's latest survey of businesses.

Source: News Formal (newsformal.com)

 

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popcoin3 If you reduce the amount of money in the hands of people who actually need to spend it and give it to those who hoard it this is what happens. In the end the hoarded money will be worthless too as the economy collapses. No one wins this.

Oh I wonder why .... 🤔🤔🤔🤔 BECAUSE THE MANY DON'T HAVE MUCH IN THE WAY OF DISPOSABLE INCOME... Cut penalty rates, cut overtime, cut hours Your cutting ppl income therefore no $$$ to spend.... But hey our new Liberal Independents think this works & is great economics 😏

How could that happen if Liberals, the best economy managers, in power for more than 5 years?

northway_debbie Looks like ScottmorrisonMP’s speech today was ALL airy fairy stuff. In the real world it’s the opposite. auspol

Wasn't NAB hauled into the BankingRC? And we're expected to believe their 'survey' ?

I'm sure it's nothing to do with job insecurity, housing un-affordability or declining real wages.

whilst under LNP governance

So how did Bill Shorten and Labor cause this?

Typical shorten he rather rack up massive debt like the previous labor government need more be said ?

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