Originally Posted by
43Inches
As far as Australias economy. GDP is now higher than pre Covid, which is why the federal gov is not handing out cash, otherwise we risk inflation kicking in, that is despite covid and the Federals ruining our china relationship. Scomo could just patch up relations with China and boost the economy another several percentage points. Jobless rate is tipped to lower to around 4.5% by December as major hirers are already hording casuals because of our restrained labor market. So the actual numbers are nothing near dire, in fact, the opposite, it might be too good and we could overheat. Again don't believe the single headline chasers on the news and media about some poor casual in Sydney Western suburbs doing it tough as being the general nature of what is happening. Melbourne did the same thing last year for longer. As far as the kids of the future, it will be the same, have family money, have house, don't have family money, rent.
Then, as I’ve said before, Australia should continue with random capital city lockdowns and interstate and international border closures, indefinitely. Great for the economic numbers!