WA economy continues historic bust

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By Leith van Onselen

The September quarter’s national accounts, released last week, revealed an epic decline in Western Australian final demand, which has fallen for six consecutive quarters and 13 of the last 16 quarters:

ScreenHunter_16521 Dec. 08 09.09

With annual final demand falling a whopping 8.7% in the year to September 2016:

ScreenHunter_16522 Dec. 08 09.10
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.