Quote of the Week

"Alone in the developed world, Australia navigated the last major global financial crisis without going into recession, without mass job losses and without a spike in suicides. Those days are gone. That competent Government is gone. Instead, Australia is now among the global losers. Last Wednesday’s (3 June) quarterly report on the national accounts by the Australian Bureau of Statistics (ABS) shows Australia’s economy contracted by 0.31 per cent in the three months to 31 March….It was not inevitable that Australia’s economy would contract in 2020, despite the impact of the pandemic.” [Alan Austin writing in IndependentAustralia, 8 June 2020]