A reality check for Australia's economic pessimists

Policymakers and pessimistic talking heads have long anticipated the Australian economy's demise, but positive news out of the US should prove them wrong.

In the same month that the Australian Bureau of Statistics supposedly transformed a strong labour market into a weak one, businesses are reporting the strongest conditions since the GFC. Though it’s admittedly tentative, conditions are reported as strong -- the largest uptick on record -- yet confidence has slipped a bit.


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