Australia's recession steepens and deepens (Leithvo)

This week's Treasury of Common Sense discusses Wednesday's disastrous Q3 national accounts data and the latest population estimates from the ABS.



Australia is in a per capita recession and all of the recent growth has come from mass migration (the importation of upper middle class people) and public spending. Private spending was flat. High energy costs are crush growth. 

[Posted at the SpookyWeather2 blog, December 6, 2024.]