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 AppIN 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.
Tag: LNP Economic Management
Despite the GFC and ongoing ominous signs of financial doom, economists are eager to return to “business as usual”.
Source: GFC and spiralling debt: Isn’t it time economists learnt from their mistakes?
