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How to build a strong Australian economy swap Scott for Jacinda
Independent Australia
28 Jun 2021, 08:52 GMT+10
Australians would ve been much better off if the Morrison Government had responded to the COVID-19 economic crisis like its neighbour across the Tasman, writes Alan Austin.
TREASURER JOSH FRYDENBERG was keen to compare Australia with New Zealand last September when Australia had generated one quarterly growth number better than New Zealand s. We can now assess how all the critical numbers compare over a longer period.
New Zealand well ahead of Australia
New Zealand s annual GDP growth is now 2.4%, ranking 19th in the world and fifth in the OECD. Australia s is a modest 1.1%, ranking 28th in the world and tenth in the OECD.