Jim Chalmers is Labor’s best frontman when it comes to putting a good spin on bad news. So the treasurer insists “the really big story” from disappointing economic growth figures of 0.3 per cent in the first three months of 2026 is the level of business investment.But while the boom in the global surge in data centres is indeed strongly boosting private sector investment in Australia, that’s far from the most fundamental feature of the latest GDP figures.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Chalmers stuck with hard sell of a slowing economy
Disappointing growth figures won’t stop the treasurer claiming things are going well in the circumstances. That confidence is unlikely to persuade voters.
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