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Domainfax’s Ross Gittins over the weekend attacked commentators’ “titillating silliness” in claiming Australia has entered a per capita recession, instead arguing that household living standards continue to rise in earnest:
Speaking of truth, let me give you a tip: any “recession” that has to be qualified by an adjective ain’t the real deal… all this while our record period of continuous economic growth – now up to 27 years – remained unbroken…
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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.