The bar must be low if the economy's fundamentals are as ‘sound’ as Josh Frydenberg claims

The Guardian - 05-08


The was some rather big economic news on Tuesday that delivered a very sharp poke to the ribs of the government’s economic narrative. It came in the form of a short, relatively undemonstrative line in the latest report on retail trade from the bureau of statistics. It stated that “in volume terms, the trend estimate for Australian turnover was relatively unchanged (0.0%) in the March quarter 2019”.