Simon Birmingham (SA, Liberal Party, Shadow Minister for Foreign Affairs) Share this | Hansard source

My question is to the Minister representing the Prime Minister, Senator Wong. It's been revealed that the Albanese government is now presiding over the longest household recession in recorded Australian history. One year into the Albanese government, GDP per capita began going backwards and has continued to do so for the past six quarters in a trend that exceeds any period in the past 50 years, and one which economists agree will likely continue. There are warning signs all across the economy. Business insolvencies are breaking GFC records, productivity is stagnating and now this new analysis shows a 1.6 per cent fall in GDP per capita since December 2022, with real disposable incomes crashing by nine per cent since March 2022. Only a few months ago, the Prime Minister was posting memes describing the government's budget as 'so good'. Don't these figures demonstrate that Labor's self-congratulatory rhetoric is not only unwelcome but untrue and that your economic management is far from so good?