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Oz Blog News Commentary

the animal spirits rampaging through the jungle....

December 6, 2024 - 07:14 -- Admin

Government spending is keeping Australia out of recession, just as this week’s feeble GDP numbers tallied 7 consecutive quarters of negative growth. Michael Pascoe reports on the moaning business lobby.

A funny thing happened after Wednesday’s weak national accounts figures: a large part of the economic commentariat poured scorn on government spending and investment for keeping the economy afloat. 

 

Damned if you do: Jim Chalmers cops the blame for no recession

 

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