The economy is coming apart at the seams.
This has led to a raft of predictions that Australia is in for another “recession”.
But the reality is that we are not yet there.
And that is the crux of the issue: Australia is still a recovery project.
There are structural problems, but they are structural in nature.
What matters is that the economy gets going again.
It is going to be hard.
But that is what is going on.
So what are we going to do about it?
Here is the basic message from the Federal Government and the Reserve Bank: the economic recovery is happening.
But it is not yet happening.
I don’t mean “in the coming months”, I mean “now”.
The government and the central bank are not going to get their act together and start planning for the next economic cycle.
We need to see what comes out of the Reserve and the Federal budget, and then get it done.
We need a recovery policy that delivers a strong, stable economy.
The Government’s current economic plan for Australia’s recovery is based on a “strong economy” in the long run.
This is the same “strong” economic plan that the previous Labor Government used to claim to have created jobs.
It is a false promise, and a dangerous one at that.
It is not a policy that has worked.
As I have written about before, the economy has slowed in recent years, but the economy still creates a lot of jobs.
That means that in the short term the government has to get the economy back on track, and create more jobs in the medium term.
For that to happen, the “strong economic plan” must be balanced against a “business-friendly” policy.
These are the two sides of the same coin.
There are two competing assumptions here.
The first is that our economy can grow at a pace of about 2.5% per annum.
However, we are actually going to have to add about 7% more jobs per year over the next four years to get that 2.6% growth rate.
The other side of the coin is that if we can’t get the business-friendly growth to work, then the economy will collapse in the longer term.
Both of these scenarios are fundamentally wrong.
What we are seeing now is the end of a recovery that has been in place for many years, and the beginning of a period of severe recession.
As the unemployment rate continues to rise and the economy continues to slow down, the economic crisis will accelerate.
Now that is an important point.
A downturn can cause significant economic damage.
There are four major economic indicators that we use to assess the health of the economy.
First, is the GDP.
Economic growth is a measure of the amount of output produced by an economy.
It includes output of capital goods and services, including trade and investment.
Second, is real disposable income.
Real disposable income is the value of things produced by workers over the course of a year.
Third, is output per hour worked.
Fourth, is employment.
Both of those are important indicators.
They tell us how much output is available to be created and workers are being paid to do the work.
But they are not good indicators of economic health.
In fact, real GDP growth is falling.
That is because most of the output is not being created.
According to the latest data, the rate of economic growth has been falling for over two years.
So, we have a situation where economic growth is dropping, but unemployment is increasing.
And this is the real threat of this economic crisis.
When the economy starts to slow, people will be less able to pay their bills.
They will be able to afford to buy things they used to have trouble getting in the first place.
Then, because they have less income to spend, they will have less disposable income to buy, and this will make it harder for them to get a job.
For that reason, the government and most economists are warning that we will be facing a recession in the next two years, as the economy is slowed down by the effects of the housing crisis.
While the unemployment is high, and households have been unable to spend their incomes, the Reserve is warning that our recovery is at risk.
According to our modelling, we would see the economy in recession in 2026.
If this happens, it will be a very difficult time for our economy, as we will have to put in a lot more money into the economy to make up for the lost output.
In addition, the Federal government is forecasting a rise in household debt to around 80% of GDP.
This is a very significant rise.
At that point, we will see the worst of