Australia’s economy barely grew in the first three months of 2024 and outside of the pandemic, it expanded at the slowest annual rate since the 1990s recession. GDP per capita fell for the fifth consecutive quarter but record population expansion is keeping Australia out of recession. The Treasurer Jim Chalmers blamed the weak expansion on … Read more
Australia has experienced the biggest dive in living standards in half a century. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-03-06/gdp-december-quarter-2023-meets-low-expectations/103553062 The nation’s economy grew just 0.2 per cent over the final three months of 2023, and 1.5 per cent over the year, according to the Australian Bureau of Statistics National Accounts. If it wasn’t for population … Read more
2023 has been a year of debt charge rate hikes, rising house prices and unemployment at near 50-year lows. There’s been a change of the guard at the Reserve economic organization, which has declared inflation public enemy number one. Subscribe: http://ab.co/1svxLVE The challenge for the new RBA governor Michele Bullock is not to tip the … Read more