Why Australia’s Miracle Economy Is Failing

<h2>Why Australia’s Miracle Economy Is Failing</h2> Australia has long been known for its prosperous economy, with many calling it “The Lucky Country.” But that luck may be starting to change. While the overall economy is not in recession, its people are. The country’s GDP per capita fell for 21 consecutive months. Household disposable income is going down, while household debt is going up. The cost of living crisis will likely be front-and-center in federal elections. 00:00 Introduction 01:00 Miracle economy 02:43 Per capita recession 03:18 Cost of living 05:31 Housing shortage 06:37 Productivity 07:53 Challenges ahead Credit to : Bloomberg Originals

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