Business News

The good news is the Australian economy is about to turn up. Here’s why

Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

Right now things feel awful.

Tuesday’s Westpac Melbourne Institute survey shows three times as many Australians say their finances have worsened than say they’ve got better, and twice as many think the economy is getting worse as think it is getting better.

The national accounts show real income per Australian (adjusted for inflation)...

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