Opinion
Rate decisions have to follow the data, not the dogma
Leading economic indicators have to be our guide, and they are all pointing towards an avoidable recession.
Craig EmersonFormer Labor minister and economistFollowing the recent release of the quarterly economic growth figures, we have witnessed the most bizarre economic commentary in decades. Australia’s barely positive growth rate has been greeted with howls of protest that this was achieved only through government spending. Those commentators were furious with governments for preventing a recession.
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