Hewson's view: No surprise about waning confidence

By John Hewson
Updated July 2 2021 - 3:37am, first published June 13 2019 - 7:00pm
No vision: Prime Minister Scott Morrison's marketing strategy, rather than policy agenda, has failed to directly address the key issues facing consumers and business, according to John Hewson. Photo: Dean Lewins
No vision: Prime Minister Scott Morrison's marketing strategy, rather than policy agenda, has failed to directly address the key issues facing consumers and business, according to John Hewson. Photo: Dean Lewins

Key surveys this week revealed that consumer confidence has gone further backwards, even after the recent cut in interest rates, business conditions are getting worse, and the retail sector, in particular, is already in recession. Actually this should have come as no surprise. Even though the recent surprise re-election of the Morrison government was greeted with a degree of ebullience and/or relief, this actually did very little for consumer and business confidence.

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