The latest National Accounts data confirms Labor is sending our economy in the complete wrong direction.
Today’s data shows GDP per capita has gone backwards for seven consecutive quarters. This is the longest household recession on record.
The numbers today confirm Australians’ living standards have fallen off a cliff – the largest fall on record.
Australians’ living standards have fallen 8.7% since the election – the largest fall in the OECD on a per capita basis.
Australia has never experienced a collapse of this size.
The only reason our economy has a faint pulse is because of record migration. There is one person arriving to live in Australia every 44 seconds.
The only plan Labor has is for a big Australia and a big government with big spending.
The Treasurer’s addiction to spending is keeping inflation in Australia higher for longer.
Productivity has fallen off a cliff. It has collapsed 6% since the election.
A family with a typical $750,000 mortgage has had to pay almost $50,000 more on their mortgage since Labor came to government.
Since Labor came to government interest payments have tripled.
Labor’s combination of higher taxes, reckless spending, and big government are keeping prices high and making Australians poorer.
The Coalition will get Australia back on track by: boosting investment; increasing competition; cutting government waste and red tape; rebuilding business; lowering taxes; and delivering secure, low emissions energy. 
