Australians’ Standard of Living Declined Nearly 10 Percent: Shadow Treasurer

‘Our focus is on making the right decisions for the right time,’ Finance Minister Katy Gallagher said.

Shadow Minister Angus Taylor at a press conference at Parliament House in Canberra, Australia on Feb. 17, 2022. AAP Image/Mick Tsikas

The standard of living for Australians has fallen by over 9 percent since Labor came to power, Shadow Treasurer Angus Taylor said as he expressed his disappointment over the low GDP numbers.

It comes after data revealed that the Australian economy grew by a paltry 0.2 percent for the June quarter, marking its worst performance since the 1991 recession.