Bloated government clashes with Labor’s business-led growth hopes
Unless there is a fundamental mindset shift by Labor, the private sector will remain stuck in the doldrums and we will retain an overblown economy that delivers inadequate living standards.
Prime Minister Anthony Albanese told business people this month he wants the private sector to resume its rightful place as the primary source of growth in the economy.
It’s a tacit acknowledgement that Australia has a sclerotic economy.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
