LVO demolishes Melbourne’s rat wheel economy on ABC Radio

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Yesterday evening I was interviewed on ABC’s Drive Program (above) debunking SGS Economics and Planning’s new report claiming that Melbourne is Australia’s “economic powerhouse”.

My arguments were based on yesterday’s article entitled “Melbourne ‘economic powerhouse’ delivers falling living standards”, which contains evidence supporting my claims.

I did make one minor error in the interview, however, when I claimed that Melbourne’s economy had experienced the lowest per capita GSP growth since the Global Financial Crisis. I meant to say Victoria:

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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.