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Sure, the national accounts show GDP going backwards, but look at what's to come

  • Written by: Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

The most revealing graph presented in Wednesday’s September quarter national accounts is one showing what has happened just beyond the end of the September quarter, in the one we are in now.

Melbourne’s lockdown ended on October 27.

The graph uses anonymised bank account data to show what happened to spending in Victoria as soon as the...

Read more: Sure, the national accounts show GDP going backwards, but look at what's to come

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