Friday, September 16, 2016

Turnbull – One year Report Card

For all his talk about explaining complex issues and building a case, Turnbull has done it rarely – usually after rather than before making a decision. More often he hasn't needed to, because he has decided (perhaps wisely) to leave things as they are.

To a large extent the economy has been improving of its own accord as commodity prices rebound and the impact of the lower dollar settles in. Two Reserve Bank rate cuts have helped as well. Really bold decisions of the kind the Reserve Bank has been urging such as borrowing big for infrastructure, haven't yet been made. It's easy to get the feeling that we are not being taken into Turnbull's confidence as he promised.

But he hasn't been in office long, and a big chunk of the year was taken up with a marathon election campaign. He'd like us to think there's time. We're waiting.

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