OT: Current Affairs and Politics

[hindy111]

And so anyone who wants to not agree with you is a right wing nut job yeah? I just mentioned some things we are struggling with and not any side of politics or who's fault.

 

[hindy111]

Here's your source

Australia’s fall in disposable income is the worst in the world

Australia experienced the largest fall across the OECD over the past two years. Economists say it will take another two years to recover.

www.afr.com

 

[hindy111]

Maybe we need a new term

The LWCB

 

[Gronk]

Here's your source

Australia’s fall in disposable income is the worst in the world

Australia experienced the largest fall across the OECD over the past two years. Economists say it will take another two years to recover.

www.afr.com

From your link.



I think the takeaway from this is that Australia's economy was lagging behind the OECD. When it was dipping in March 2021 we were up, when they started to drop there was a 6 month period until that reached us.

Yes, Australia’s post-COVID economic recovery has been notably slower compared to other (OECD) economies, mostly due to its geographic isolation and global supply chains. We rely heavily on imported goods, particularly in sectors like manufacturing and retail, where supply disruptions have caused delays and increased costs. Disruptions, along with reduced demand for our exports ~ commodities ~ have constrained the economy's ability to bounce back quickly.

Source and Source

BUT as I said we are behind the wave and our major contraction is behind us. You will note that some countries have already enjoyed their spike and their economy has shrunk back.