An economic rebound is an excellent time to implement reforms to lock in the recovery and place the economy on a sustainable growth trajectory. Now is such a time. But an indignant government is missing the reform boat.
Last week’s national accounts confirm an economic rebound from Australia’s first recession in almost three decades. Yet two strong quarters of growth have not been enough to restore the economy to its pre-pandemic size.
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Craig Emerson is managing director of Emerson Economics. He is a distinguished fellow at the ANU, director of the Australian APEC Study Centre at RMIT and adjunct professor at Victoria University’s College of Business.
