In this week's Treasury of Common Sense with Radio 2GB's Luke Grant, I discuss Wednesday's national accounts "dumpster fire", which saw Australia slide into per capita recession following a collapse in the household consumption.
I also discuss the record 620,000 annual population increase implied by the national accounts, which is driving the nation's rental crisis but keeping the economy out of an official recession.
I then explain why the RBA is likely to keep interest rates on hold. Although the surge in rents and petrol prices present upside risks to the inflation outlook.

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