Advertisement
Western Australia’s economy continues to whither on the vine, with yesterday’s national accounts recording a sixth consecutive quarterly decline in final demand, falling by 0.1% in the June quarter:
As shown above, the Western Australian economy is experiencing its fourth recession when measured by real final demand.
Meanwhile, annual final demand fell by 0.9% in the year to June:
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement