First a carbon tax and now contracting GDP.
The nation’s worst economic performance since the global financial crisis threatens to upset the government’s budget planning and force a reluctant Reserve Bank to reconsider the case for further interest rate cuts.
The 0.5 per cent fall in GDP in the September quarter was much worse than either Treasury or the Reserve Bank was predicting and reflects both continuing falls in business investment and poor consumer spending.
Malcolm is our Obama, utterly incompetent in every way, the only person who could make Bill Shorten viable. He’s got to go.