Pathetic ABC prays for wages growth

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The ABC gets worse by the day. Now it’s producing pie-in-the-sky economic propaganda:

There’s economic growth, and there’s economic growth.

A big boost in government spending, or a mining boom, can lead to greater economic output or growth. The key though, as always, is whether or not it’s sustainable.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.