Australians have a choice between tax cuts and greater public spending when they vote in general elections on Saturday. The elections give voters what has been described as the clearest choice on economic policy in years from the two main political parties. Whoever wins will face an economy growing at likely its slowest rate in 10 years, while the jobless rate has climbed higher. This could lead Australia’s central bank to cut interest rates for the first time since 2016. Many experts argue that government intervention in the economy could, in fact, prove helpful. Australia has avoided an economic recession since 1991. Yet there are signs of trouble, as housing prices slide in the cities of Sydney and Melbourne. In addition, wage growth and consumer spending have slowed. As a result, economists say they expect the Reserve Bank of Australia to cut its main interest rate from a record low 1.5 percent later this year.
Title: Can Australia’s Election Winner Energize a Slowing Economy?
Content: <div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/d6f94b14-f33b-40b4-9822-828156768c7e_hq.wav' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='Can Australias Election Winner Energize a Slowing Economy?' data-article-id='3852'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='10479'>Australians have a choice between tax cuts and greater public spending when they vote in general elections on Saturday.</span> <span data-start-time='10479' data-end-time='22938'>The elections give voters what has been described as the clearest choice on economic policy in years from the two main political parties.</span> <span data-start-time='22938' data-end-time='35917'>Whoever wins will face an economy growing at likely its slowest rate in 10 years, while the jobless rate has climbed higher.</span> <span data-start-time='35917' data-end-time='45688'>This could lead Australia’s central bank to cut interest rates for the first time since 2016.</span> <span data-start-time='45688' data-end-time='55125'>Many experts argue that government intervention in the economy could, in fact, prove helpful.</span> <span data-start-time='55125' data-end-time='62042'>Australia has avoided an economic recession since 1991.</span> <span data-start-time='62042' data-end-time='71083'>Yet there are signs of trouble, as housing prices slide in the cities of Sydney and Melbourne.</span> <span data-start-time='71083' data-end-time='77083'>In addition, wage growth and consumer spending have slowed.</span> <span data-start-time='77083' data-end-time='91083'>As a result, economists say they expect the Reserve Bank of Australia to cut its main interest rate from a record low 1.5 percent later this year.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/3339/17F498F0-CF6F-439C-91FD-01C63F0C1449_cx0_cy5_cw0_w1023_r1_s.jpg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=12898 data-hint-location='71083' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/what_is_a_consumer.wav'>What is a consumer?</div><div class='choices' data-correct-choice='someone who uses economic goods and services'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/someone_who_is_very_religious.wav'><span>someone who is very religious</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/someone_who_treats_illnesses_in_animals.wav'><span>someone who treats illnesses in animals</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/someone_who_makes_a_trip_for_pleasure.wav'><span>someone who makes a trip for pleasure</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/someone_who_uses_economic_goods_and_services.wav'><span>someone who uses economic goods and services</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=12899 data-hint-location='35917' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/this_could_lead_australias_central_what_to_cut_interest_rates_for_the_first_time_since_2016.wav'>This could lead Australias central what to cut interest rates for the first time since 2016?</div><div class='choices' data-correct-choice='bank'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/bank.wav'><span>bank</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/boat.wav'><span>boat</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/park.wav'><span>park</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/city.wav'><span>city</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=12900 data-hint-location='0' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/australians_have_a_choice_between_tax_cuts_and_greater_public_spending_when_they__blank__in_general_elections_on_saturday.wav'>Australians have a choice between tax cuts and greater public spending when they <span class='blank'>vote</span> in general elections on Saturday.</div><div class='choices' data-correct-choice='vote'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/vote.wav'><span>vote</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3339/run.wav'><span>run</span></div><div class='choice' 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