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Private Sector Growth has 'Set the Economy Alight': Ian Verrender | ABC NEWS
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The federal government has been facing renewed pressure over its budget and handling of the economy after the latest inflation, wages, and jobs figures gave economists a temperature check.
Chief Business Correspondent Ian Verrender says although government spending does contribute to inflationary pressure, private sector growth is the primary factor fuelling the rise in demand.
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00:00 - Unemployment rate remains at 4.1 per cent as inflation outpaces wage growth.
01:36 - Is government spending adding to inflationary pressure?
02:36 - Why is wage growth lagging in a resilient jobs market?
03:14 - Could the exchange rate be impacting 'volatile' inflation figures?
04:27 - Ian's predictions for future rate decisions.
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