From the Kouk:
Whoops!
Private sector capital expenditure fell again in the March quarter. Down 4.4 per cent after a fall of 1.7 per cent in the December quarter. In trend terms, business investment has fallen for 11 straight quarters, something that has not been seen since the early 1990s recession.
Since the Federal election in September 2013, when Prime Minister Abbott exclaimed that “Australia is open for business”, private sector business investment has fallen a thumping 11.1 per cent. And what is disconcerting is that there are no signs of a bottom.
Country entering crisis but what matters more is sticking it to the Libs.
