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1.Market Observations, 8.Was Sticky

8 Dec 2016 (TheAge) – GDP dive of 0.5 per cent is more than a ‘wake-up call’, says Treasurer Scott Morrison

(8 December 2016, The Age, p2, Peter Martin)

‘Treasurer Scott Morrison has branded the dramatic end to five continuous years of economic growth “not just a reminder, not just a wake-up call, but a demand to support economic policies that drive investment and jobs”. Five months after an election won on the promise of jobs and growth, the national accounts for the three months following the election show the economy went backwards 0.5 per cent, far more than even the bleakest of the professional forecasts.’



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