Another tepid set of GDP numbers will heap more pressure on the government. But both sides of politics have a bigger economic problem they’re ignoring.
Another tepid set of GDP numbers will inevitably turn up the pressure on the Albanese government, just months out from the federal election.
We already have sticky inflation that will keep the RBA on the sidelines while the rest of the world cuts interest rates. Now sluggish economic growth, most of which is being driven by government spending as private sector investment goes nowhere, has been reconfirmed.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
