Where is Wayne Swan? (ODT)

Armed with the latest national accounts, Alan Austin reports the flip side of the coin, how Australia has fallen behind.

Australia’s economy was widely regarded as the world’s best-performed through the global financial crisis (GFC). It is now outside the world’s top twenty.

The Coalition has set new “worst-ever” records for underemployment, debt, retail sales, wages and infrastructure construction.

Wednesday’s national accounts for the 2018 third quarter from the Australian Bureau of Statistics (ABS) enable us to compare precisely where Australia’s economy ranked in the world five years ago with where it ranks now.

via The Big Breather – why Australia’s economy now ranks outside the Top 20 – Michael West