The Conversation

MYEFO projections signal a deepening income recession

Author: The Conversation

MYEFO increases the fall in the terms of trade forecast, meaning our income recession will deepen.AAP/Lukas Coch

Australia is now in an income recession. A fortnight ago, when the National Accounts revealed a second quarter of negative growth in seasonally adjusted real gross domestic income, treasurer Joe Hockey assured us that “2015 will...

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