Chalmers changes tack as economic growth sinks to a new post-pandemic low
- Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
Wednesday’s national accounts show economic activity barely grew during the three months to December, climbing just 0.2%. That’s the lowest growth rate in four quarters, each of which was lower than the one before it.
Australia’s annual rate of economic growth – 1.5% – is the lowest in 23 years, excluding the...
