{"id":110246,"date":"2025-09-01T06:06:14","date_gmt":"2025-09-01T06:06:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/110246\/"},"modified":"2025-09-01T06:06:14","modified_gmt":"2025-09-01T06:06:14","slug":"the-recovery-that-never-was-fades-away","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/110246\/","title":{"rendered":"The recovery that never was fades away"},"content":{"rendered":"<p>Westpac with the forecast.<\/p>\n<p>\u2022 Australia\u2019s recovery stalled over the first six months of 2025, with the economy expected to have grown 0.4%qtr in Q2 and just 1.3%yr in six-month annualised terms \u2013 way below the RBA\u2019s updated trend estimate of +2.0%yr.<br \/>\u2022 The extent of the pull back in public demand has surprised on the downside, while it\u2019s become clearer that it will take time for investment and construction activity to pick up. This increases the chances of a \u2018shaky handover\u2019, and buildup of unnecessary slack in the labour market, in the near term.<br \/>\u2022 Productivity in the market (ex-mining) sector is expected to have grown 1.0%yr in Q2. As well as moderating growth in the sector\u2019s unit labour costs to around 3.5%yr, this supports the view that whole-economy productivity growth will recover as the sector-specific factors in mining and the care economy wash out.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/5-21.png\" width=\"609\" height=\"418\"\/><\/p>\n<p>At this rate, the per capita recession will never end.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/OWj5y-australia-quarterly-gdp-vs-gdp-per-capita-growth-1.png\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>Advertisement<\/p>\n<p>Falling living standards are Chicken Chalmers\u2019s new economic model.<\/p>\n","protected":false},"excerpt":{"rendered":"Westpac with the forecast. \u2022 Australia\u2019s recovery stalled over the first six months of 2025, with the economy&hellip;\n","protected":false},"author":2,"featured_media":110247,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-110246","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/110246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=110246"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/110246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/110247"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=110246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=110246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=110246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}