Why a strong economy is doing nothing for Australia’s Turnbull


Still in charge: Turnbull gestures during a press conference in Parliament House in Canberra yesterday. The embattled leader narrowly survived a move to unseat him by his populist Home Affairs Minister Peter Dutton on Tuesday with the Liberal party ballot voting 48-35 in his favour. — AFP

SYDNEY: Australia’s Prime Minister Malcolm Turnbull is battling for his survival despite overseeing a hiring boom in an economy that just capped its 27th recession-free year.

Turnbull has failed to preserve the political capital he enjoyed after ousting Tony Abbott in 2015, with his latest woes coming from within his own government as a rival readies another challenge for the top job. Even as the economy sails along and inches closer to full employment, something vital has been missing: wages growth.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , australia , growth

Next In Business News

Bursa Malaysia-Teraju team up to boost Bumiputera IPO participation
Dayang records higher 4Q net profit
Dialog continues positive turnaround
Heineken Malaysia delivers steady FY25 earnings
Toll highway segment drives Taliworks’ 4Q revenue
CPO futures likely to trade between RM3,800-RM4,000 per tonne until July 2026
Carlsberg Malaysia posts record net profit of RM376mil in FY25
Perdana Petroleum posts lower net profit of RM56.09mil in FY25
Pos Malaysia welcomes MyCC review, flags competition concerns
INSKEN leverages AI to empower entrepreneurs in high-value sectors

Others Also Read