Albo spins more economic lies

True to form, Prime Minister Anthony Albanese took to Twitter (X) to declare that “Australia has one of the fastest growing economies”, “unemployment is down, real wages are up”, and “the private sector is continuing to drive economic growth”.

It is worth investigating each of these claims.

First, on Australia’s growth, Alex Joiner provided the real picture in the chart below. It shows Australia’s per capita GDP growth lagging behind most developed nations over the past 10 quarters:

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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.