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.
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
ReplyDeleteNothing from the government to refute Abbott's claims, as usual.
ReplyDeleteI can't believe how bad this government is at communicating with the electorate. Surely one of their biggest failings.