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Our economy remains far weaker than it was a year ago and far weaker than it would have been had spending not collapsed.
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Without a jump in consumer spending the recovery will be slow, and that’s in doubt.
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Chris Bowen on the recession, aged care and priorities for health policy
Michelle Grattan sits down with shadow health minister Chris Bowen
Treasurer Josh Frydenberg at parliament house on Wednesday.
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It’s the worst since the Great Depression and it isn’t clear there’s a path out.
Mick Tsikas/AAP
It’s far too early to declare victory. The need for conventional economic stimulus has just begun.
Lukas Coch/AAP
Incomes climbed as we snapped our wallets shut in the March quarter. The June quarter will be much, much worse.
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Far too much hangs on whether Australia is “technically” in a recession. It might be skewing the design of our coronavirus support measures.
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This service sector recession can’t be fought with infrastructure programs. Tour guides are ill-suited to building high-speed trains.
Treasurer Josh Frydenberg.
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Treasury will update the nation on the likely impact of the coronavirus on Thursday.
It’s time to start measuring our economy differently.
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Some households have shared disproportionately in the growing national wealth, but GNP fails to reflect the disparity in gains across economic groups.
Morrison would rather live with a problem minister in a key post than give a scalp to Labor.
Mick Tsikas/AAP
The situation with Naomi Wolf is another case of Angus Taylor being sloppy with facts and refusing to clean up his mess quickly.
Treasurer Frydenberg says he is not worried that we are saving rather than spending our budget tax cuts. His goal was merely to “put more money in pockets”.
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Spending growth has fallen to financial crisis lows. Per person, economic growth and spending has gone backwards. Josh Frydenberg isn’t ruling out action in the pre-Christmas budget update.
Treasurer Josh Frydenberg released the National accounts figures for the June 2019 quarter, earlier this week.
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Michelle Grattan discusses the slowing economy, and the response to Channel 9’s decision to host a fundraiser for the Liberal party.
Despite a slowing economy, Josh Frydenberg says ‘you wouldn’t want to be in any other economy, other than Australia’.
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Politics with Michelle Grattan: Treasurer Josh Frydenberg on a slowing economy
This week's June quarter national accounts showed the weakest economic growth since the GFC, but Treasurer Josh Frydenberg remains optimistic.
An economic growth rate with a ‘1’ in front of it is unusual, and normally seen near recessions.
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Households are buying no more than they were a year ago, and the wage share of national income is the lowest since 1964.
Some things went wrong and some things went right. The resulting current account surplus is neither good nor bad.
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Australia is becoming more like the United States. Increasingly, we invest overseas. Our domestic economy is weak.
Treasurer Josh Frydenberg points to economic growth of just 1.8% at Wednesday’s parliament house press conference.
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It it wasn’t for a surge in government spending economic growth would be extraordinarily weak. As it is, it’s the weakest since the global financial crisis.
The election campaign will be much about the budget, putting huge pressure on Frydenberg.
Mick Tsikas/AAP
Both Gaetjens and Frydenberg might reflect, incidentally, that this, the first budget for each of them, is likely to be their last - if the opinion polls are right.
Both Australia’s trend and seasonally adjusted GDP per capita growth rates have dipped below zero.
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The treasurer says 2018 was a year of two halves, but there were signs of a downturn well before mid year.
Treasurer Josh Frydenberg receiving his first briefing from Reserve Bank Governor Philip Lowe.
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Wednesday’s national accounts were good, perhaps as good as they’ll get.