Economic risks come stalking as Labor takes office
International economic storm clouds are building and the threat of global stagflation is real. Some economic observers think the 2022 election may have been a good one to lose.
The previous three times Labor has won office from the opposition benches in the postwar period, international forces and circumstances largely beyond the government’s control quickly dragged Australia into recessionary conditions.
It’s an unlucky coincidence and not a fair reflection of Labor’s ability to govern.
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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
