Australia limps towards fake “growth record”

Advertisement

By Leith van Onselen

From Peter Martin, comes the following about Australia’s march towards the GDP growth record:

The March quarter national accounts due for release on June 7 were expected to show Australia had caught up to Holland, which holds the record for the longest period of near-continuous economic growth, clocking up 103 quarters without a recession.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.