Coming down to Earth: The economy’s not as strong as we’ve been led to believe - Sydney Morning Herald
Until we’ve fixed our chronic weak wage growth problem, we’re likely to see quite weak economic growth.
So the growth in consumer spending came from a 2 percentage-point fall in the rate of household saving during the quarter, to 11.4 per cent. Household saving leapt during the two lockdowns, from its … [+3659 chars]
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