In last year’s Christmas Special Report, we argued that Australia was “sowing the seeds of another ‘lost decade'”, because “Australia appears committed to repeat the same policy mistakes and poor outcomes that were experienced over the 2010s “lost decade” whereby the economy and living standards stagnated in per capita terms”.
We argued that “Australian households are further in debt, less globally competitive, and Australia is a less attractive investment destination – featuring amongst the world’s most expensive land and houses, energy, and internet”.
We also argued that the federal government would once again rely on mass immigration to be the “solitary driver of the Australian economy over the 2020s, which will mean per capita outcomes will once again flounder”.
