Morrison’s acid Budget turns bad trip in 28 days

Advertisement

Apparently our Scott is concerned, from The Australian:

Scott Morrison conceded risks to the government’s “growth story” in a major speech yesterday, just hours before a leading econo­mist predicted a cocktail of sluggish wages and stagnant business investment could push Australia into recession within months.

Speaking at an economic forum in Canberra yesterday, the Treasurer said poor retail spending and falling rates of home building amid falling house prices were weighing on the economy’s prospects.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.