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Australia records weakest annual growth in years, ASX falls. Well done Labor, page-35

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Milcom

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04/09/24

15:01

Post #: 75526522
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Originally posted by Scott th Ratbag: ↑

GDP growth rate shows that the current administration is doing pretty well compared with previous govt growth. the country was in per capita recession before COVID.

but more important is the actual GDP:

https://tradingeconomics.com/australia/gdp

the 2 biggest points I take from this is that a) previous govts did just as badly when economic times were much better than today, and b) the RBA/Treasury are doing a pretty good job at defeating inflation with as little damage to Aussies and the economy as they can manage.

could you do any better?

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more BS from Labor shill. Before covid commodity prices were far lower. LNP was grappling with iron ore prices at $50/t and coal prices at $50/t and oil prices at $40/bbl. But GDP growth was still higher.
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