Don’t get too excited by Australia’s rebounding economy – it’s a distorted snapshot of the true picture | Greg Jericho | The Guardian

People shop and dine at cafes inside the Queen Victoria Building in Sydney in October 2021.

Josh Frydenberg doesn’t tell it all. The Great Bungee Plunge downwards was always going to  rebound back but in a much smaller space than when it came down and no rise as far when all is considered. Frydenberg is simply using bullshit stats as truth by eliminating the history and the changed context in which events have occurred. Besides what did Josh Frydenberg do to make his “good news event” even happen?

The Australian economy at the end of 2021 rebounded for one reason alone – people coming out of lockdowns in the late winter and spring period spent their money. But ironically this massive surge of growth from households comes at a time when workers are receiving a smaller share of the economy than ever before.

Source: Don’t get too excited by Australia’s rebounding economy – it’s a distorted snapshot of the true picture | Greg Jericho | The Guardian

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