Originally Posted by
Tucknroll
Economic suicide? The figures just aren’t showing that. Look at my original post, we have had the two largest quarters of economic growth in the last 30 years. Our economy is the envy of the OECD.
The “figures” are showing the effect of the massive sugar hit provided by the government stimulus plus super release plus 6 months of accumulated savings (for those still working).
In the medium term all this goes away.
Just about the only reason GDP has grown since 2008 is the high immigration rate we’ve had. Closed borders mean the population is expected to decline over the next 12-24 months. Once that stimulus runs out, watch the economy stagnate.