Business
It’s not just the pandemic, stupid. Australia’s economy has been weak for years – The Guardian
We have now gone five years with inflation being lower than the Reserve Bank’s 2% target
One of the weird consequences of Covid-19 is that it has actually hidden the weakness of the economy. When things are going to hell due a pandemic, it gets all the blame, and yet, as the latest inflation figures show, Australias economy has been weak for many years now.
The consumer price index figures for December, released yesterday by the Australian Bureau of Statistics, show the continual impact of the pandemic. After a record fall of 1.9% in the June quarter last year, followed by an absurd…
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