Good luck won’t be enough
Oct 02, 2019
2 minutes
The June quarter national accounts painted a concerning picture of the state of the Australian economy. Private sector demand – from consumers and businesses – was flat and it was only net exports and government spending that kept us in the black.
Consumers, who account for almost 60% of economic activity, have faced consistently slow real wages growth, which takes account of inflation, for six years. When prices
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