Australia’s economy might not be suffering a depression, thanks to record immigration-driven population growth. But Australian residents certainly are. Australian real per capita household disposable income fell by 6% in 2023, one of the world’s biggest declines: Alex Joiner, chief economist at IFM Investors, noted on Twitter (X) that “on a per capita basis, the
The post Australians suffer deep economic depression appeared first on MacroBusiness.