RELEASE of the second-quarter GDP figures showed the Australian economy facing its lowest annual growth since the global financial crisis, calls from RBA & general public for the Morrison Govt to engage some sort of stimulus program exp independentaustralia.net/politics/polit
1:47 PM · Sep 20, 2019Twitter Web App
IN A RECENT SURVEY conducted by the Australian Financial Review, every single economist who participated had the same message for the Morrison Government: the Reserve Bank should not have to rescue the economy on its own.
However, despite the mounting evidence of domestic economic slowdown and the growing risk of a potential global recession, the Morrison Government continues to reject calls for a stimulus. Instead, the Government insists that its tax cuts and “superior economic management” will kickstart the economy and that everything will be fine.
Despite the GFC and ongoing ominous signs of financial doom, economists are eager to return to “business as usual”.