AFR bureau of fake news declares no income recession

Friday 8 March 2019

The AFR’s Joe Aston has botched an attack on ACTU President, Sally McManus’, claim that Australia is experiencing an income recession:

[McManus] contends that “Australia is currently facing an ‘incomes recession'” and that “the fall in living standards [in Australia] in the past three years was greater than during the last recession in 1991-92”.

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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.