Scott Morrison’s inaction on infrastructure is again in the spotlight, with the Ai Group joining calls to fast track investment to stimulate the sluggish economy.
The Ai Group’s call comes as new data shows Australia is suffering through 13 consecutive monthly falls in construction performance and 14 consecutive monthly falls in construction employment.
“In view of these generally weak conditions, the case for an acceleration in infrastructure spending is clearly strengthening.”
Ai Group Head of Policy, Peter Burn, 7 October 2019
The Ai Group’s intervention follows ongoing calls to fast track infrastructure investment from the Reserve Bank Governor as well as Ernst & Young, Master Builders Australia, NAB, HostPlus, and State Governments.
The Reserve Bank Governor has called for greater investment in infrastructure seven times since the election. The Reserve Bank Governor also called for ‘full employment’ to generate wages growth for workers.
Scott Morrison is wilfully ignoring this expert advice, with no real plan for infrastructure or to achieve full employment.
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.
Scott Morrison must get to work and develop a real plan to fast track infrastructure investment to create jobs and improve productivity.