After months of inaction from the Morrison Government, the RBA Governor has taken his message to fast track infrastructure investment to stimulate our sluggish economy global.
With an increasingly fragile world economy, Dr Lowe called on governments around the world, including the Morrison Government, to bring forward infrastructure spending to stimulate the economy.
This latest intervention is at least the sixth time since the May 2019 election that Dr Lowe has called for the Morrison Government to stimulate the economy through infrastructure spending.
Instead of sitting by while his colleagues manufacture excuses to ignore the RBA Governor’s repeated advice, Deputy Prime Minister McCormack must produce a real plan to fast track infrastructure investment.
Australia is experiencing the slowest economic growth since the Global Financial Crisis – wages are stagnant, underemployment is at record highs and the world economy is teetering.
Good governments invest in infrastructure to improve the lives of all Australians and boost our economy – as Labor did in Government.
This third-term Liberal Nationals Government must change course start taking infrastructure investment seriously.
Deputy Prime Minister McCormack must come out of hiding, stop ignoring the repeated interventions by the RBA Governor and start taking infrastructure spending seriously.