Bloomberg Originals
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Why Australia’s Miracle Economy Is Failing
Posted
April 18, 2025
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801,673
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April 18, 2025
801,673
8,879
1,509
1.30%
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9:37Now PlayingAustralia 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.
#australia #economy #business
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