Low discretionary spending a ‘domestic issue’ not influenced by international developments
Judo Bank Chief Economic Adviser Warren Hogan says tight discretionary spending figures prove to be a "domestic problem" the RBA has got to get a grip of.
Figures released Tuesday showed a record 12-month drop, with Aussies spending more on necessities than luxuries.
“This reinforces that this is a domestic problem,” Mr Hogan told Sky News host Chris Kenny.
“This is a problem the RBA has got to deal with, and more generally our government’s got to deal with, it’s not to be blamed on international developments.
“You can see it in the retail sales numbers that came out today, consumers are still under the pump, and the discretionary spend is weak.”
Видео Low discretionary spending a ‘domestic issue’ not influenced by international developments канала Sky News Australia
Figures released Tuesday showed a record 12-month drop, with Aussies spending more on necessities than luxuries.
“This reinforces that this is a domestic problem,” Mr Hogan told Sky News host Chris Kenny.
“This is a problem the RBA has got to deal with, and more generally our government’s got to deal with, it’s not to be blamed on international developments.
“You can see it in the retail sales numbers that came out today, consumers are still under the pump, and the discretionary spend is weak.”
Видео Low discretionary spending a ‘domestic issue’ not influenced by international developments канала Sky News Australia
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Paul Murray Live | 19 May
'Impact on nature' is a 'big part' of AACo's business
RBA was on the ‘path to reducing rates’ but not anymore
Federal budget puts ‘upward pressure’ on interest rates
‘Key for the transition’: Gas needed for ‘reliable power supply’
Albanese refuses to comment on ICC bid to arrest Israeli officials
US presidential debates being held ‘sooner rather than later’
‘They’ve just sprung it on people’: Albanese government’s ‘Big Australia policy’ slammed
Unemployment figures remain at historic lows despite Labor's efforts
‘Repeated warnings’: Concerns for pressures on gas and electricity system
Landslide triggers building collapse in Mexico
Group of Eight in discussion with government on ‘housing affordability issue’
Defence Force planes being sent to New Caledonia to evacuate Australians
‘He’s a straight shooter’: Jeremy Clarkson named most attractive man in UK
'Biggest public infrastructure failure': Calls for Paradise Dam to be fixed
Liberals owning net migration issue ‘more than Labor’
Labor government slammed as ‘architects’ of Australia’s housing crisis
Potential split within Nationals on immigration
Queensland Labor backs Opposition’s plan to cut migration
Mining industry in a ‘vulnerable position’ if it needs to ‘rely on government handouts’
Donald Trump and Joe Biden debate will make for ‘compelling television’