The economy is getting back to normal? We don’t even know what that looks like any more | Greg Jericho

This week’s GDP figures are expected to be terrible, and it would be a mistake to assume our economic malaise is behind us

Wednesday’s GDP figures will likely be the second worst ever recorded in Australia, but more than anything they will highlight an economy still massively affected by the pandemic.

Whenever I hear talk about how we are moving on from the pandemic and things might be getting back to normal and so perhaps we need to start focusing on other things such as inflation or government debt, I draw people’s attention to the retail trade figures.

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from The Guardian https://ift.tt/3xxz3Jo
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