Senate debates

Thursday, 19 September 2024

Questions without Notice

Economy

2:00 pm

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Shadow Minister for the Public Service) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. Under Labor, Australia's core inflation is higher than in comparable economies, including the US, the UK, Canada, Japan, the euro area, Sweden, Norway, Switzerland and New Zealand; and our economic growth is lower than in comparable nations like the US and the UK, with some comparable nations already starting their interest rate easing cycles. Minister, why is it that, after three Albanese Labor budgets, Australians are saddled with an entrenched per capita recession, negative productivity, sticky inflation and interest rates staying higher for longer?

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