Alan Kohler: In case of recession, Albanese must don a Teflon overcoat

recession kohler albanese

Governments usually change after a recession, not before one, so the job is a nice one – to manage the recovery. But this time is different.

So the number one political imperative in Anthony Albanese’s first term is fast becoming the need to make sure he is not blamed in three years’ time for the various crises he has been bequeathed.

He will especially need to find a Teflon recession coat. Tuesday’s minimum wage decision, in line with his own submission, won’t help.
Economic prospects are now changing rapidly as the Reserve Bank belatedly engineers a slowdown to deal with inflation. It will be touch and go whether there’s a recession.

Source: Alan Kohler: In case of recession, Albanese must don a Teflon overcoat

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