Australia economy hits dry spell as incomes fail to flow
Businesses in Australia have reported minimal growth in the last quarter, which has meant that incomes have stagnated as the economy has failed to expand over the past few months. A weakened economy has resulted in more cautious consumers- which only serves to exacerbate the problem. While the housing market has begun to suffer the labor market has remained strong.
See "Australia economy hits dry spell as incomes fail to flow", Wayne Cole, Reuters, March 4, 2019