Analysing what has been happening this year is an exercise in futility.
But the first year of the Trump presidency is a very good time to look at what has gone right and what has failed, and the key lessons we can learn from them.
It’s worth revisiting our expectations for the year ahead, to give ourselves a sense of how the world will look in 2020.
The world will be a very different place from 2016, but there are still many similarities.
We’re heading into an era of uncertainty, with many people concerned about their futures.
This uncertainty has left many Australians feeling left behind.
We need to recognise the positives and challenges of the past year, and to look to the future.
There is a lot of hope, but the good news is that we’re doing well, in a way we’ve never done before.
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The market is growing and we are all enjoying a very healthy economy.
The biggest winners of the year so far have been consumers.
We’ve had a year of great consumer spending, a year that was a big step forward in terms of growth in our economy.
We now have the lowest unemployment rate in 20 years, and we have a robust housing market.
We have the highest average wages growth in the OECD.
In other words, we’re very well on track to become a more prosperous, safe and secure society.
This is a great year for Australian families.
The Commonwealth Bank and the Australian Industry Group have put together the first annual survey of consumer sentiment, which is really important because it tells us what people are thinking and where they are.
With consumer sentiment showing that the economy is performing well, and with unemployment at a record low, the economy should be doing much better.
The economy is still growing strongly, but it is slowing down a little.
When we look at household spending, there are a number of areas where the Federal Government needs to do more.
In particular, we need to focus on the needs of families, especially for those in low-income households.
There are many Australians who are struggling to make ends meet, and it is particularly hard for lower-income earners.
If we can get our economy moving again, and build on the great momentum of the first three months of the financial year, that will help many families.
While this year has been a great start to a new decade, we know there are many challenges ahead.
We need to keep moving forward and get things moving on the ground, because there are going to be many bumps along the way.
But I hope that the first six months of 2021 will be the best year of my life.