There are several factors behind why Labor hasn't gone on a celebratory tour to boast about having "pulled off" something that's never been achieved in Australia.

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[–] shirro@aussie.zone 2 points 5 months ago* (last edited 5 months ago)

I don't think the ALP or RBA have done a bad job at all and I think the ALP deserve another term. But it is sensible not to make a big deal about the economy or they risk looking arrogant and out of touch.

While inflation may have slowed to a stop, many incomes are a long way from catching up. Cost of living pressures are still a huge deal for many people. There are certainly some people who have bounced back well and are taking their holidays and spending but they probably aren't the ones who are going to punish the ALP in the burbs. I don't believe a coalition government will deliver for those people but their not going to be won over by economic stats that bare no relation to their experience. Shits expensive.