Turnbull: WA “in transition” but to what?

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According to Mad King Malcolm:

“Western Australia is a good case, an example of a state where the economy is transitioning,” he said. “We have seen in Western Australia massive investment in the mining construction boom and that has eased off and that is why it’s vitally important that we have a clear national economic plan that ensures that our economic growth is stronger and more diverse.”

Too true. But what is this so-called “plan”? The only thing that WA has transitioned to is interminable recession:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.