Invest
Government accused of ‘spinning, pork-barrelling and playing politics’ with economy
Invest
Government accused of ‘spinning, pork-barrelling and playing politics’ with economy
SHADOW TREASURER RESPONDS: Jim Chalmers MP has slammed the federal government’s management of the Australian economy in response to today’s Deloitte economic forecast, saying Australians are paying for the “ineptitude and inaction of a do-nothing Morrison government”.
Government accused of ‘spinning, pork-barrelling and playing politics’ with economy
SHADOW TREASURER RESPONDS: Jim Chalmers MP has slammed the federal government’s management of the Australian economy in response to today’s Deloitte economic forecast, saying Australians are paying for the “ineptitude and inaction of a do-nothing Morrison government”.

The statement from Mr Chalmers came after the release of the report, which is forecasting below-trend growth of 2 per cent in 2019-20 and 2.4 per cent in 2020-21 – well below the government’s mid-year budget forecasts.
With Deloitte having considered that “the nation’s growth won’t lift all that much from today’s decade low”, it has predicted that in turn, unemployment levels won’t drop and wages won’t improve through 2020.
“The economy was already floundering under Scott Morrison and Josh Frydenberg before the fires hit, and now this new report says things won’t get much better this year for Australian workers and families,” the MP commented.
According to Mr Chalmers, “Weak economic growth like we are seeing is the inevitable consequence of a government with a political strategy but not an economic plan.”

“This is what happens when a Liberal government in its seventh year spends all its time spinning, pork-barrelling and playing politics instead of actually coming up with a plan to meet the big challenges in the economy.”
nestegg has reported on the major findings from Deloitte here.
The response from the MP comes after the report likened the government’s account surplus ideology to dating Miley Cyrus.
About the author

About the author


Economy
Australia’s growth beat is real — but it’s the wrong kind for capacity
Australia’s economy outpaced forecasts in the June quarter as households opened wallets and government spending did the heavy lifting, even as public investment sagged. The signal for boardrooms: ...Read more

Economy
Australia’s growth is back—but it’s the wrong kind of strong
GDP surprised on the upside in the June quarter, powered by households and government outlays even as public investment slumped. The Reserve Bank stayed hawkish, signalling that sticky services ...Read more

Economy
Australia's Economic Resilience: Strong GDP growth challenges RBA's policy stance
In a surprising turn of events, Australia's economy has shown greater resilience than anticipated, with the latest Q2 GDP report revealing a stronger performance largely driven by vigorous household ...Read more

Economy
Economist calls for July RBA rate cut following inflation data
An economist from State Street Global Advisors has called for the Reserve Bank of Australia to cut interest rates in July following today's Consumer Price Index data for June. Read more

Economy
GDP data prompts economist to predict faster RBA rate cuts
Australia's latest GDP growth data has come in significantly below expectations, prompting an economist to suggest the Reserve Bank may need to ease monetary policy more aggressively. Read more

Economy
Global markets face turbulent start amid tariff concerns, but outlook remains cautious
Global equity and bond markets have experienced a turbulent start to 2025, primarily due to concerns that a potential tariff-driven trade war could heighten inflation and recession risks. Read more

Economy
RBA may cut rates faster if GDP data disappoints, economists say
The Reserve Bank of Australia may cut interest rates more quickly if next week's GDP data disappoints, economists said following today's consumer price index data for May. Read more

Economy
RBA delivers widely expected rate cut as inflation optimism balances global uncertainty
The Reserve Bank of Australia has cut the cash rate by 25 basis points, delivering on widespread market expectations while signalling a clearer directional shift towards less restrictive monetary ...Read more

Economy
Australia’s growth beat is real — but it’s the wrong kind for capacity
Australia’s economy outpaced forecasts in the June quarter as households opened wallets and government spending did the heavy lifting, even as public investment sagged. The signal for boardrooms: ...Read more

Economy
Australia’s growth is back—but it’s the wrong kind of strong
GDP surprised on the upside in the June quarter, powered by households and government outlays even as public investment slumped. The Reserve Bank stayed hawkish, signalling that sticky services ...Read more

Economy
Australia's Economic Resilience: Strong GDP growth challenges RBA's policy stance
In a surprising turn of events, Australia's economy has shown greater resilience than anticipated, with the latest Q2 GDP report revealing a stronger performance largely driven by vigorous household ...Read more

Economy
Economist calls for July RBA rate cut following inflation data
An economist from State Street Global Advisors has called for the Reserve Bank of Australia to cut interest rates in July following today's Consumer Price Index data for June. Read more

Economy
GDP data prompts economist to predict faster RBA rate cuts
Australia's latest GDP growth data has come in significantly below expectations, prompting an economist to suggest the Reserve Bank may need to ease monetary policy more aggressively. Read more

Economy
Global markets face turbulent start amid tariff concerns, but outlook remains cautious
Global equity and bond markets have experienced a turbulent start to 2025, primarily due to concerns that a potential tariff-driven trade war could heighten inflation and recession risks. Read more

Economy
RBA may cut rates faster if GDP data disappoints, economists say
The Reserve Bank of Australia may cut interest rates more quickly if next week's GDP data disappoints, economists said following today's consumer price index data for May. Read more

Economy
RBA delivers widely expected rate cut as inflation optimism balances global uncertainty
The Reserve Bank of Australia has cut the cash rate by 25 basis points, delivering on widespread market expectations while signalling a clearer directional shift towards less restrictive monetary ...Read more