Shadow treasurer Chris Bowen says the latest national accounts are disappointing and highlight the fact the coalition government doesn't have a plan, just a "jobs and growth" slogan.
The accounts showed the economy contracted by 0.5 per cent in the September quarter, its first decline since March 2011, and dragged the annual rate down to 1.8 per cent.
"It is true that quarterly figures do bounce around and we would hope and trust that next quarter's figures are much stronger after this very low base, but the fact of the matter is that this is a deeply concerning result," Mr Bowen told reporters in Sydney.
