Household incomes dismal, wages flat and spending props up the economy. What could possibly go wrong?
It is now 26 years since Australia was last mired in recession.
You also have to go back 26 years to find a similar sustained period of weakness in Australian wages.
"Wages flat, household incomes dismal," was the take of Deutsche Bank's chief economist Adam Boyton after scanning the June quarter's GDP numbers.
Read the full article on ABC Online.
