Deloitte: Income growth to hit 50-year low

Sunday 17 January 2016

Deloitte Access Economics has released a new report forecasting that Australian income growth will fall to just 1.2% this year – the slowest growth in records that date back to 1960. From David Uren at The Australian:

“Weak incomes today are a risk to growth down the track.” the report says, noting that poor income growth erodes business investment and household spending…

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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.