@tomhawleymortgagebroker: They used to call the Australian economy the wonder from down under. The IMF just downgraded us. Back on @thetodayshow yesterday to break down what it means. The IMF analyses the 30 largest economies in the world, and they're now expecting lower growth here this year and next. This from an economy that ran nearly 30 years without a recession. Why it matters: growth is the engine of everything. Living standards, jobs, wage growth, and the tax revenue that pays for healthcare, education and infrastructure. Slower growth means we're all a bit less well off. Add one of the highest inflation rates in the developed world. That's a wooden spoon at the Economics Olympics. And the RBA only has one tool, so it's rates higher or higher for longer, with jobs as the collateral damage. We've had it very good for a very long time. Time to buckle up.

bbates591 :

Welcome to the benefits of net zero

Reg Tarpon :

It’s because the Government’s can’t rein in their spending and is working against what the RBA is trying to achieve which is lower interest rates.

Ashish Arora :

Just because you’re not falling, doesn’t mean you’re rising.

peterfrench555🇦🇺 :

Or the government could stop spending

Hexors 🇦🇺 :

I just want productivity to match wages again 🤷‍♂️. Why is it that we’ve had 20 years of record productivity but not 20 years of record wages?

Pauly D Watkins :

Where’s Karl

JC :

Slowing growth doesn’t appear to be affecting renewable projects, govt grants & donations. Growth in taxes & numbers sleeping in tents/ vans/ streets.

Goran Kotevski :

so are your ratings

Salty Salamander :

I love hiw they deliver such news with a happy happy smile ...

harrwii888 :

IMF isn’t that Tom Cruise as Ethan?

Col :

W

LAURE :

all thanks to artificially pumping house prices

Laurence Refalo :

its the labour effect

Crystal Line Marking :

Too much spending

skiddlezzzz :

Is jimmy listening to channel 9

Oomp :

wrong RBA has other tools for inflation, they dont want to utilise. why is inflation increasing when speding has gone d9ne, ppl dont have money for essentials, its because govt keeps spending more than they earn, companies need to pay employees and exoenses but cant make profit becuas3 peiple are not spending meaning they have to raise prices which leads to inflation. fix the root of the problem which is govt spending and companies jacking up prices.

Artmospheric :

What if we can’t sustain indefinite growth? Is it possible there is something wrong with the entire system?

Camo :

great job labour 👍

Ron :

Was the "Lucky Country" now the "Labor Country".

Sean Alderson_1987 :

Albo and his government that’s what’s doing it

LH69 :

The elephant 🐘 in the room .Net Zero scam !!

lesliejames123 :

Have to love Labour……. NOPE

Samer Ghareeb393 :

steventrethewey7 :

Like I’ve said time and time again you keep supporting labour or liberal and we are going to struggle please people you need to wake up

Bluey :

Purely idealistic capitalist fantasy slop. Real wages have been stagnant for decades. Productivity and wages are completely divorced. All these statistics like "GDP" and "HDI" and "productivity" are purely stat's for the wealthy capital class - they reflect precisely zero in the material conditions of the working class.