Cookster15
Moderator
The only reason the average Australian person hasn’t felt much so far is that the government quickly provided massive economic support - eg JobKeeper. JobKeeper is also artificially keeping the unemployment rate down - underlying unemployment is over 11%. But JobKeeper is being wound down. Public sector workers are so far insulated. Thankfully economic data shows Australia’s economy rebounding sharply but this is heavily dependent upon iron ore exports.Er no torches..........the naked flame types anyway, It's bushfire season again.........hope it's much better than the last one ! Although one illegal camp fire just made a mess of Fraser Island.
As for the recession, politicians are quick to make that call when it suits them, going into one and out of one it seems, but the average person probably doesn't feel much different household expense wise at the moment and the unemployment rate is still 7%.