Damning report reveals why Australia is in serious trouble
Damning report reveals why Australia is in serious trouble
#breakingnews #australia #economy #recession
In a brutal new economic assessment, consulting giant Deloitte warns that Australia’s decades-long growth streak is officially over, declaring “it was good while it lasted.” The damning report reveals that a catastrophic drop in national productivity is being masked by record population growth—without the housing or infrastructure to support it. With government spending continuing to pump cash into an overheating economy, interest rates remaining sticky at 4.6 per cent, and national debt climbing past $1 trillion, everyday households are warned that while a technical recession may be avoided, it is still going to feel like one. Here is a breakdown of why Australia’s economic model is running out of road.
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