Australian economy gasps on public sector life support

Wednesday 4 March 2020

Yesterday’s December quarter national accounts release from the Australian Bureau of Statistics (ABS) was hailed by Treasurer Josh Frydenberg as another tick of approval for the Australian economy:

The Australian economy continues to grow with today’s National Accounts seeing growth increase from 1.8% through the yr in the Sept qtr to 2.2% in Dec.

This reaffirms the resilience of the Aust economy & confirms we’re well placed to navigate the economic challenges we face. pic.twitter.com/054MSkR3SB

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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.