House debates

Wednesday, 5 June 2024

Questions without Notice

Economy

2:00 pm

Photo of Angus TaylorAngus Taylor (Hume, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. The latest economic data confirms that Australia is in an entrenched GDP per capita recession with five consecutive quarters of negative growth. This is the slowest GDP growth since 1991 outside the pandemic. At the same time, living standards have collapsed by 7.8 per cent under Labor. Our inflation remains amongst the highest and most persistent in the developed world. Why are Australians paying the price for this government's incompetence and mismanagement?

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