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The June quarter’s national accounts, released yesterday, revealed that Western Australia’s economy remains in a slump, with state final demand registering zero growth over the quarter and falling by 3.8% over the year:
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Western Australian workers continue to suffer big pay cuts, with real per capita wages & salaries declining by 6.1% in the year to June 2017 – a far cry from the heady days of the mining boom:
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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.