Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

The cause of Australia’s worst economic growth rate since the GFC

Article image for The cause of Australia’s worst economic growth rate since the GFC

According to a leading economist, Australia’s worst economic growth rate since the Global Financial Crisis (GFC) is not the result of global issues, but rather problems closer to home. 

Gross domestic product (GDP) growth is now at its slowest since the 2009 GFC.

Although some have blamed the slump on global issues such as Brexit and the US-China trade war, Chief Economist at Deloitte Access Economics Chris Richardson tells John Stanley it’s the result of more local issues.

“By and large it’s not what’s happening globally that’s led to weaker growth in the Australian economy, it’s housing… and it’s the drought. “

But he says he’s confident the government’s recent tax cuts will have a positive impact on the economy.

“It’s enough to see growth improve slowly from here. It may not turn up in the next couple of months… but I’m reasonably confident it turns up by Christmas.”

Click PLAY below to hear the full interview

 

JOHN STANLEY
Advertisement