Australia's economy is cooling rapidly, growing at just 2.3pc last year

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The Australian economy grew at just 2.3 per cent last year as the impact of stagnant wages, falling house prices and a weak consumer sector took their toll.

 

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Stephen_Letts JoshFrydenberg 'Recession on a per capita basis' This means high immigration has reduced the GDP per capita. The government's objective to grow the economy by high immigration isn't working. It should be abandoned. Back to the drawing board. Activate brain cells

JoshFrydenberg SenatorWong We see the aftermath of the 1st phase of peak oil. Already JohnHoward failed to prepare Australia. The oil problem 10 years ago has turned into a debt problem after printing money to overcome oil price shock in 2008 and GFC

abcperth Only the beginning. Hard times ahead.

To soon, too soon - ScottMorrisonMP has said that'll be billshortenmp's fault after he and JoshFrydenberg lose the next election

Oh no how did that happen?

Maybe the LNP can fiddle those figures a bit to show it was all Labor's fault, or the unions, or father Xmas or anybody but themselves. Bloody RightWingnuts !

what happens when you slightly turn down the mortgage debt tap..a tiny little bit... now what you geniuses going to do

Deflation is the worlds economic problem NOW and economists don’t know how to handle it

Lol, nice try ABC, please try harder.

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RBA stays on hold, giving a cooling economy the benefit of the doubtThe RBA once again holds off changing tack on interest rates, despite the headwinds from low wage growth, falling property prices and poor consumer sentiment buffeting the economy. Any news about the Labor's Cabramatta's local branch president Andrew Hansen ABC ?.
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