Politics

Chalmers: GDP fall a ‘snapshot’ of Australia’s economy


Shadow Treasurer Jim Chalmers says the expected fall in GDP is a snapshot of the national economy.

Economists are predicting Wednesday’s GDP figures for the September quarter will fall sharply.

Negative growth of 2.5 per cent is expected for the quarter, marking the second largest fall on record.

“The economy is defined by skyrocketing prices and falling real wages,” Mr Chalmers.

“Of all the countries that have reported so far, Australia is expected to be absolutely last when it comes to economic growth.”

Shadow Treasurer Jim Chalmers says the expected fall in GDP is a snapshot of the national economy.

Economists are predicting Wednesday’s GDP figures for the September quarter will fall sharply.

Negative growth of 2.5 per cent is expected for the quarter, marking the second largest fall on record.

“The economy is defined by skyrocketing prices and falling real wages,” Mr Chalmers.

“Of all the countries that have reported so far, Australia is expected to be absolutely last when it comes to economic growth.”
Shadow Treasurer Jim Chalmers says the expected fall in GDP is a snapshot of the national economy.

Economists are predicting Wednesday’s GDP figures for the September quarter will fall sharply.

Negative growth of 2.5 per cent is expected for the quarter, marking the second largest fall on record.

“The economy is defined by skyrocketing prices and falling real wages,” Mr Chalmers.

“Of all the countries that have reported so far, Australia is expected to be absolutely last when it comes to economic growth.”

Read Next



Source link

Leave a Reply

Your email address will not be published.