Forum

 
  Back to OzPolitic.com   Welcome, Guest. Please Login or Register
  Forum Home Album HelpSearch Recent Rules LoginRegister  
 

Pages: 1 2 
Send Topic Print
The Australian Economy Is Faltering (Read 212 times)
whiteknight
Gold Member
*****
Offline


Australian Politics

Posts: 3990
melbourne
Gender: male
The Australian Economy Is Faltering
Nov 10th, 2019 at 6:10pm
 

RBA downgrades economic growth, consumption continues to crash   Sad
8 November 2019
ACTU

     RBA downgrades economic growth, consumption continues to crash

The RBA has downgraded its expectations for GDP growth to 2.3 per cent this year and 2.6 per cent in the year to June next year. That is down from 2.4 per cent and 2.7 per cent respectively.

Household consumption has also slowed, as working people head into the seventh consecutive year of record low wage growth and are increasingly raiding any savings they may have to pay for essential items.

Household consumption grew by 0.4 per cent in the June quarter and by 1.4 per cent over the year. Growth for all consumption categories except health slowed relative to the previous year, although the slowdown was more noticeable for discretionary components like furnishings and motor vehicles.

The RBA statement on Monetary Policy released today also stated “wages growth is low and shows little sign of picking up”.

The Australian economy is faltering. We have the slowest economic growth since the GFC, a wages crisis, households being forced to dip into their savings, low consumption and retail trade has had its worst result since the 1990s recession.

Quotes attributable to ACTU Secretary Sally McManus:

“The legacy of the Morrison Government will be an historic period of low wage growth which has driven down living standards for millions of working Australians and stalled economic growth.

“Wage growth is now going backwards in new private sector agreements, the Morrison Government has no plan to fix the crisis in wage growth crisis, only more attacks on working people and unions.

“Working people create economic growth through spending, but the Morrison Government has implemented a deliberate plan to stop wage growth, and the result of that is lower spending, and slowing growth.

“The Morrison Government is so committed to trickle-down economics that even as the RBA downgrades economic growth, they are preparing to bring the Ensuring Integrity Bill to the Senate, a Bill which will make it harder for all Australian workers to get a pay rise.

“The Morrison Government is the source of this problem. It has driven down wages and all Australian workers are being forced to pay the price.”
Back to top
 
 
IP Logged
 
juliar
Gold Member
*****
Offline


Australian Politics

Posts: 20642
Re: The Australian Economy Is Faltering
Reply #1 - Nov 11th, 2019 at 5:33am
 
The silly old BlackDay with the Compulsive Posting Disorder is parroting the trash from that Extremist Commo Socialist Feminazi sheila at the ACTU. You know the mouse that roared but nobody took any notice as she is so useless and insignificant. A bit like the old BlackDay.

After all it is the Union Thugs aided by the GetUp! terrorist group that is sending Australia down the drain.
Back to top
 
 
IP Logged
 
Sir lastnail
Gold Member
*****
Offline


Australian Politics

Posts: 24470
Gender: male
Re: The Australian Economy Is Faltering
Reply #2 - Nov 11th, 2019 at 10:24am
 
As opposed to the trash you post socko Cheesy LOL
Back to top
 

Libbos are Liars...Libbos are Liars...Libbos are Liars...Libbos are Liars...Libbos are Liars...Libbos are Liars...Libbos are Liars...Libbos are Liars
 
IP Logged
 
greggerypeccary
Gold Member
*****
Offline


Australian Politics

Posts: 94940
South Island of New Zealand
Gender: male
Re: The Australian Economy Is Faltering
Reply #3 - Nov 11th, 2019 at 10:32am
 

“The legacy of the Morrison Government will be an historic period of low wage growth which has driven down living standards for millions of working Australians and stalled economic growth."


...


Back to top
 
 
IP Logged
 
juliar
Gold Member
*****
Offline


Australian Politics

Posts: 20642
Re: The Australian Economy Is Faltering
Reply #4 - Nov 11th, 2019 at 11:01am
 
What a pair - the uneducated ignoramus Greeny Scunge and the shaky old Gweggy. Is Gweggy going senile ? Sounds like it.
Back to top
 
 
IP Logged
 
Captain Nemo
Gold Member
*****
Offline


Australian Politics

Posts: 3071
Melbourne
Gender: male
Re: The Australian Economy Is Faltering
Reply #5 - Nov 11th, 2019 at 11:14am
 
Life is strange ...

Low inflation, "moderate" wage growth ...

I well remember interest rates when they were at 18%  Shocked

...

I can tell you, this is way better than back then.  Wink
Back to top
 

Understand this: things are now in motion that cannot be undone.
Try my Proboards address if you like.
It will be Racist / Islamophobe and Xenophobe free though Wink
WWW  
IP Logged
 
Sir lastnail
Gold Member
*****
Offline


Australian Politics

Posts: 24470
Gender: male
Re: The Australian Economy Is Faltering
Reply #6 - Nov 11th, 2019 at 11:26am
 
greggerypeccary wrote on Nov 11th, 2019 at 10:32am:
“The legacy of the Morrison Government will be an historic period of low wage growth which has driven down living standards for millions of working Australians and stalled economic growth."


https://theaimn.com/wp-content/uploads/2019/04/Morrison-e1555989508493.jpeg




plus keep real estate agent scumbags in a job and forget everyone else's job Sad
Back to top
 

Libbos are Liars...Libbos are Liars...Libbos are Liars...Libbos are Liars...Libbos are Liars...Libbos are Liars...Libbos are Liars...Libbos are Liars
 
IP Logged
 
juliar
Gold Member
*****
Offline


Australian Politics

Posts: 20642
Re: The Australian Economy Is Faltering
Reply #7 - Nov 11th, 2019 at 4:25pm
 
Capt N is getting nostalgic and recalling the frightening days of Labor's chaos.

The uneducated ignoramus Greeny Scunge is wishing she had an adult brain.
Back to top
 
 
IP Logged
 
minarchist
Senior Member
****
Offline


Australian Politics

Posts: 429
Gender: male
Re: The Australian Economy Is Faltering
Reply #8 - Nov 13th, 2019 at 10:45am
 
This guy seems to know what's happening:

Back to top
 

People accuse Capitalism of being a "dog eat dog" system, yet it was the Communists who ate each other when they were starving!
 
IP Logged
 
Bam
Gold Member
*****
Offline


Australian Politics

Posts: 19242
Gender: male
Re: The Australian Economy Is Faltering
Reply #9 - Nov 13th, 2019 at 11:20am
 
minarchist wrote on Nov 13th, 2019 at 10:45am:
This guy seems to know what's happening:


A good video, worth watching.
Back to top
 

You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.
 
IP Logged
 
crocodile
Gold Member
*****
Online


Australian Politics

Posts: 6029
Gender: male
Re: The Australian Economy Is Faltering
Reply #10 - Nov 13th, 2019 at 2:32pm
 
minarchist wrote on Nov 13th, 2019 at 10:45am:
This guy seems to know what's happening:



Explained well enough but very Euro-centric and Japanese to a lesser extent. Werner is the father of quantitative easing so no surprises there. Greater relevance to Australia would have been useful with a description of the function of APRA in our local banking and finance industries. Still, a well presented gig.
Back to top
 

Very funny Scotty, now beam down my clothes.
 
IP Logged
 
Bam
Gold Member
*****
Offline


Australian Politics

Posts: 19242
Gender: male
Re: The Australian Economy Is Faltering
Reply #11 - Nov 13th, 2019 at 10:10pm
 
Back to top
 

You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.
 
IP Logged
 
Ye Grappler
Gold Member
*****
Offline


Australian Politics

Posts: 45788
Mid-North Coast NSW
Gender: male
Re: The Australian Economy Is Faltering
Reply #12 - Nov 13th, 2019 at 11:20pm
 
I was lead to believe that Australia had given away any economy it had and was going it alone as a Banana Republic selling dirt...

Our government(s) are not going to play their filthy game of making their own nation prosperous from the labour of its people and their natural gifts in resources and other fine Western things ... even if it means selling the furniture - they still have principles, you know... and let me tell you, by golly - the people are right there with them!!

Bloody socialists demanding a fair go for everyone... where will it end?

Besides - they've got more important things to do - such as canceling Australia Day and closing off national mountains and canceling Christmas and promoting 'women's issues' constantly.......

You pack of communists....
Back to top
« Last Edit: Nov 13th, 2019 at 11:25pm by Ye Grappler »  

“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams
 
IP Logged
 
juliar
Gold Member
*****
Offline


Australian Politics

Posts: 20642
Re: The Australian Economy Is Faltering
Reply #13 - Yesterday at 10:35am
 
Despite the emotional fake news and forecasts from the Lefties, the Australian economy is expected to pick up in 2020 after another RBA interest cut.
Back to top
 
 
IP Logged
 
Ye Grappler
Gold Member
*****
Offline


Australian Politics

Posts: 45788
Mid-North Coast NSW
Gender: male
Re: The Australian Economy Is Faltering
Reply #14 - Yesterday at 10:38am
 
juliar wrote Yesterday at 10:35am:
Despite the emotional fake news and forecasts from the Lefties, the Australian economy is expected to pick up in 2020 after another RBA interest cut.


I await this with a breathless lack of expectation...
Back to top
 

“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams
 
IP Logged
 
Pages: 1 2 
Send Topic Print