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Jim Chalmers is putting a positive spin on the economy, but is Australia’s outlook grim?
Treasurer Jim Chalmers hailed the boom in datacentres, which papered over much of the bad news in the economy. Australia has not seen this pace of new business spending since the end of the mining investment boom nearly 15 years ago. Photograph: Hollie Adams/Reuters View image in fullscreen Treasure…
Jim Chalmers focus on datacentres is like hiding a leaky roof behind a pretty facade. The real economy is still struggling, and this datacentre boom is just a temporary distraction. The outlook for Australia remains bleak unless we see genuine growth across all sectors, not just tech. #Economy #BoomBust
Good analysis of the situation.