From Market Economics 9 March 2013:
§ “Madam Deputy Speaker, from an economic perspective, the worst aspect of this year’s budget is that there is no plan for economic growth; nothing whatsoever to promote investment or employment.”
Since that speech was delivered, this has what has happened to growth, investment and jobs:
§ The economy (real GDP) has grown by 1.9% in the three quarters to December 2012. This is an annualised increase of 2.5%.
§ Private sector business investment has risen by 2.5% in the three quarters to December 2012 to be a thumping 70.0% higher than the level of investment when the Coalition was last in office. The capital expenditure expectations data were, according to Westpac, “robust” with investment likely to rise a stunning 11% in 2013-14 to fresh record highs.
§ Since June 2012, 53,400 jobs have been created, 30,000 of these full-time positions.
2 comments:
Once again Mr Abbott proven wrong on matters of economic policy and workings. Strange that these musings of his and the facts do not get a run in the mainstream media for the public to digest
Nothing from the government to refute Abbott's claims, as usual.
I can't believe how bad this government is at communicating with the electorate. Surely one of their biggest failings.
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