There are countless articles written by people who are professionals when it comes to the economy.
The single biggest most common factor is low to no wage growth. This forces people to stop spending so they can pay for the mortgage, energy, insurance, health, rates, all of which are rising and wages in real terms are falling.
The government must be deaf, low wages means low retail spending, low discretionary spending which leads to retail sales falling, gdp falling.
It just beggars belief this governments agenda is to cut wages and give big business tax cuts.
There is only one economy, the people. Take money off the people and they dont spend. If the people dont spend companies dont sell and if companies dont sell, they dont buy and GDP falls.
