Share
21,876 Posts.
lightbulb Created with Sketch. 1249
clock Created with Sketch.
05/09/24
10:20
Share
Originally posted by Welkin31:
↑
Sounds to me like Oz is in the Chalmers recession ABC www News says quote [For the sixth consecutive quarter, Australian economic activity declined on a per capita basis and the 1.5 per cent decline over the past year is the largest Australia has experienced in 33 years, excluding the pandemic.] The figures without taking into account "per capita basis" which means the effect of booming migration of many people hostile to Australia - just stay out of recession by a knife edge. Now I hear ABC TV news saying we need to import gas to be sure of gas supplies to backup renooables to get to Net Zero The Govt incompetence is stratospheric high
Expand
VIC was in a per capita recession before COVID. Take out the impact of migration & Australia would have one of the worst performing economies in the western world.