Frydenberg spins GDP fairy tales

Advertisement

Treasurer Josh Frydenberg did his best to spin yesterday’s Mid-Year Economic and Fiscal Outlook (MYEFO), claiming Australia’s GDP growth is still among the strongest in the developed world.

Here’s Frydenberg on Channel 9:

Well there’s always work that we continue to do to strengthen the Australian economy, but if you look at these numbers, it shows that the Australian economy will be growing faster than the United States, the United Kingdom, Germany, France, Japan and other comparable nations next year.

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
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.