Today’s National Accounts show that annual growth is weak and getting weaker, yet the Morrison Government still doesn’t have a plan to turn things around.
The Australian economy is growing at its slowest pace since the GFC, with annual growth deteriorating further to be half of what it was one year ago.
Annual GDP growth is weaker than the RBA has forecast and weaker than what the Government expected only a few months ago.
This new data shows that on the Liberals’ watch:
Right when Australians need and expect a plan from the Morrison Government to get the economy going again all they get instead is finger-pointing and blame-shifting.
Weak growth like this is the inevitable consequence of a Government with a political strategy but not an economic plan.
It is time Josh Frydenberg and Scott Morrison brought forward a budget update to update their forecasts and properly outline an economic program that supports the floundering economy and better safeguards it from global risks.
WEDNESDAY, 4 SEPTEMBER 2019