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“The Australian economic story is still overwhelmingly a positive one,” he said. “We finished 2025 with faster economic growth than any major advanced economy”, he says.
It’s true that we had a good quarter. But remember, 0.255% of this figure is immigration, so in truth, we were behind the UK and Canada.
In annual terms, it was much less flattering.
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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.
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