It was a very different world in July 2019. Scott Morrison’s Coalition had just won an election against a Labor Party proposing radical tax change. Economic growth was plodding along below its long-term average at around 2.75 per cent. Wages growth was stagnant. There was rising underemployment.
In that “never satisfied” way of politics and economics that sounds a little weird to 2023 ears, the inflation rate at the time of just 1.3 per cent was seen as a bad thing: a sign of the sluggishness of the economy, not just here but around the world.
Loading...
Laura Tingle is chief political correspondent for the ABC's 7.30 program. She is the staff-elected director of the ABC. Connect with Laura on Twitter.
