Watch FIFA World Cup 2026™

LIVE, FREE and EXCLUSIVE

Economy data shows need for plan: Morrison

Treasuer Scott Morrison says the national accounts aren't just a reminder or wake-up call about being complacent.

Treasurer Scott Morrison is using the release of data showing the economy shrank in the September quarter to demand support for the government's economic plans.

The national accounts, released on Wednesday, showed economic growth declined 0.5 per cent in the quarter, dragging the annual growth rate down to 1.8 per cent.

The figures are not just a reminder or a wake-up call about being complacent, but rather a "demand to support economic policies that drive the investment needed to support job security", Mr Morrison told reporters in Canberra.


1 min read

Published

Source: AAP



Share this with family and friends


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world