Economy
Background
Recent national accounts data released the previous day indicated economic growth figures.
Question
The member asked the Prime Minister to confirm whether recent data showed that economic growth since 2022 was driven solely by immigration and increased labor effort without corresponding wage increases.
Answer from Anthony Albanese
The Prime Minister said the economy was expanding at its quickest pace in nearly three years, surpassing all G7 nations. He noted that household incomes and living standards were rising, citing a record low gender pay gap and a significant increase in bulk-billing rates. He criticized the opposition for focusing on negative narratives rather than these positive indicators.
Summary in reported speech - not a transcript. AI-generated, so check the source.
Read on OpenAustralia · Official Hansard (APH) · 1 point of order raised