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The Debt and Deficits Narrative Is Flawed
As of 2019, we've been in a current account surplus. But investment is collapsed and that's the problem. We shouldn't see this as a good thing. And would Keating say it is a good thing? I'm pretty sure if he were to look at Australia's rate of business investment, he would be absolutely appalled. So he wouldn't regard it as a success story at all. He would want to seethat investment rate lifted.