Our economy grew 180 billion last year, up 22% we are now on 1.2 trillion.
China's economy has slowed by internal manipulation, to offset overheating. now on 8.9% growth down from 9.1%. There is nothing in the figures that suggests AU will be any worse off than last year. Subject to world economics. But you can not factor in something that has not happened yet or may never. I can only go on day by day figures to make predictions. There are currently 5,000 job vacancies in mining. and 11,000 in retail. Good figures.

579

Australia's economy grew by 22%? The Australian Bureau of Statistics will be mortified that they got it so wrong at about 3%.

Any other fantasies you would like to share with us?

SM I suggest you read it properly. That is something Abbott would say. Automakers are not going to be helped by abbott's team. It seems they have made a 70 billion dollar mistake. Tony now says his bigger surplus, has now blown out to 5 years, before any surplus could be achieved.

579, you live in lar lar land while you support a d praise these incompitent fools.

An example of fudged figures by this government is that they continue telling us they have created some 700,000 jobs, since being in office.

So, considering the unemployment rate has increased since 2007, how many jobs have been lost in this same period.

Of cause they don't tell us this, do they.

I also suggest you have your wires crossed with regards to our growth.

22%, you have to be kidding, even China has single digit growth.

Rehctub

Why is it only the wages of the low paid that need to drop? Shounldn't the sacrifice be shared evenly?

Benk, it is.

When I refer to business, I don't mean BHP, I mean the small guy, you know, the one who has tied up his/her family home just to be in business, many of whom have been gutted, by many factors, IR being a major one.

In fact, there are many small businesses who's owners are only there because if they walk, they loose their house.

Many have been pouring money in to keep it afloat, money they have either had stashed from the good times, or borrowed against equity they have accumulated.

The end result is going to be, NO JOBS!

Just imagine 1000 job losses from a large company.

How many smaller businesses feed off this type of business.

Delivery drivers, couriers, snack bars, the list goes on.

So the business owner is taking a pay cut, so why not the employees?

Now if you don't believe me, then that's fine, I respect your opinion, but I also suggest that you watch this space.