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Household incomes dismal, wages flat and spending props up the economy. What could possibly go wrong?

see here It is now 26 years since Australia was last mired in recession.

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ada1d576110785cef6c59e31f757143f You also have to go back 26 years to find a similar sustained period of weakness in Australian wages.

Workers circle nursing home ">official site “Wages flat, household incomes dismal,” was the take of Deutsche Bank’s chief economist Adam Boyton after scanning the June quarter’s GDP numbers. Read the full article on ABC Online.

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