Why it feels like a recession already

Thursday 4 September 2014

To add some perspective on why MB believes the Australian economy is so fragile, and why living standards are falling, I have taken the time to deflate three measures of the domestic economy, as provided in the national accounts, by the ABS’ population data, in order to ascertain the underlying strength of the economy in per capita terms.

The three measures chosen are:

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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.