Australia’s GDP growth has reached a record breaking low of 1%, the lowest growth since 1991-92 according to the Australian Bureau of Statistics.
Whilst Treasurer Jim Chalmers has accused the Reserve Bank of sabotaging the economy with high interest rates, global economic conditions aren’t looking great either.
So, what International trends could be behind Australia’s economic slowdown?
Image: Image: Pexels Tima Miroshnichenko
Produced By: Abhranil Hazra
Featured In Story: Tim Harcourt – Industry Professor and Chief Economist at University of Technology Sydney , and
First aired on The Wire, Thursday 5 September 2024