Australia is currently in a per capita recession. For those who don’t know what that means; our population growth is increasing at a faster rate than our economic growth.
Senior economist, Stephen Koukoulas, has said that although it’s not catastrophic, productivity is very low; basically, living standards are going backwards.
So, is it time to panic?
Well, not just yet. Commsec Chief Economist Craig James, said that it’s important to remember, that in the first half of 2018, Australia had very strong growth. “Looking forward,” he said, “consumers and businesses have a lot to look forward to”.
So how do we prevent this from getting worse?
Craig James suggests business invest and public spending.
Maintaining public spending, however, is much easier said than done, especially because of stagnant wage growth and the rising cost of living.
But now, the reason you’re really here; to gander at our Perth’s Cheap Sheet.
Here are some of Perth’s best deals; so you can spend in a way that saves you cash, and our economy at the same time.