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Like clockwork, Treasurer “Spin” Jim Chalmers was quick to talk up Wednesday’s soft GDP results of the Australian Bureau of Statistics (ABS), which saw the aggregate economy grow by 0.4% over the June quarter to be 2.1% larger year-over-year:
“The national accounts show that our economy is quite resilient and robust in the face of everything that’s coming at us from around the world”, Spin Jim declared.
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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.
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