Economic growth ‘stagnant’ and productivity ‘going backwards’ under Labor

Shadow Finance Minister Jane Hume has hit out at the Albanese government as economic growth is “stagnant” and productivity is ‘going backwards”. Australia has slightly reduced its debt by $17 billion four months after the budget. It will ultimately save Australians $80 billion in interest payments over the next 10 years. “We’ve now got stagnant economic growth,” Ms Hume told Sky News Australia. “We’ve still got persistently high homegrown sticky inflation, and we’ve got productivity that is going backwards.”