Economy needs a shot of business investment

Economy needs a shot of business investment

No proper consideration of Australia’s economic malaise under this third-term Liberal-National government can ignore two stunning facts: that private business investment has shrunk by 20 per cent since government changed hands in 2013, and by another measure hasn’t been this weak in the three decades since the recession of the early 1990s.

Faced with these facts it beggars belief that Scott Morrison and Josh Frydenberg don’t have a plan to turn this around. While they’ve dithered, the situation has deteriorated even further.

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