East coast leads national income shock

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By Leith van Onselen

The income shock afflicting the Australian economy has been well documented on this site.

Essentially, the ending of the biggest commodity price (terms-of-trade) boom in the nation’s history in 2011 ushered in a new era of sluggish income growth, whereby real national disposable income (NDI) would significantly lag the growth in the economy, as measured by GDP.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.