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Aussies cut back hard on spending

March 7, 2024 - 11:30 -- Admin

CBA economists Stephen Wu and Harry Ottley published a terrific chart pack on Wednesday’s Q4 national accounts, which showed that the household sector remains under pressure. First, the overall view shows that the economy is experiencing a per capita recession, with GDP growth falling when adjusted for Australia’s strong (2.6%) population growth: The overall economy

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