It it wasn’t for a surge in government spending economic growth would be extraordinarily weak. As it is, it’s the weakest since the global financial crisis.
- Senior Research Fellow (Macroeconomics), Melbourne Institute, The University of Melbourne
In addition to the jobs claim, Liberal MP Sarah Henderson said 65,000 new businesses had started in the last year, compared to the closure of 61,000 businesses in Labor’s last year. Is that right?
Ahead of the Mid Year Economic and Fiscal Outlook, minister for defence industries Christopher Pyne said a lot of jobs were created in 2016 and Australia has the highest growth rate in the G7. Is that true?
Energy and resources minister Josh Frydenberg said recently that the latest employment figures show extremely strong job growth, the greatest Australia’s had since 2006. Is that right?
Business investment fell by 4.4%, with non-mining sectors slow to take up the slack left by resources.
As we head into the federal budget tonight, all eyes will be on how the Coalition government might tackle some challenging economic data affecting Australia’s economy.
The unemployment rate is one of the most closely followed macroeconomic indicators. Of importance in its own right, it tells us about the level of spare capacity in the economy and provides information…
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