Today’s GDP numbers confirm that the AUstralian economy is in robust health. Without Europe, there’d have been no interest rate cuts, write Glenn Dyer and Bernard Keane.
GDP
MYEFO: Swan cuts to save the thinnest of surpluses
The government has unveiled a range of spending cuts but they won’t stop a big blowout in this year’s budget deficit.
As the economy improves, Labor’s ownership of it deteriorates
The stronger the economy seems under Labor, the less Labor gets any credit for it. Labor should be pondering why and front and centre in any such inquiry should be Wayne Swan.
The sky isn’t falling: economy chugs away despite disasters
Despite the impact of the summer’s disasters, the economy is still showing signs of growth, write Glenn Dyer and Bernard Keane.
Don’t be surprised if the GDP is shocking
It doesn’t take a fall in GDP or a rise in unemployment to prick a housing bubble, writes Gavin R. Putland, from Prosper Australia.
Crikey Says: Crikey says: measuring our well-being
The government is busy countering coverage like The Australian’s “THAT’s not a knife Treasurer” retort this morning by promising that they’re tough enough, promise.
Our fiscal props: financial services and mining
Quick - what’s the biggest sector of the Australian economy? The answer reveals a lot about what’s happened since 2001, and what will happen in the next recession.
National accounts numbers have us right where the RBA wants
After talk of a recession, the Australian economy grew in the last quarter of 2010, but with no signs of inflation.
Strong dollar, shy consumers = inflation on the downside
Thanks to the strong dollar and shy consumers, plus the growing price war between Coles and Woolies, Australian inflation surprised on the downside in the December quarter.
People feel richer, but the reality is they can afford less
If Australians are really richer now than 20 years ago, why, for many, is everything to unaffordable?
World Bank expects Australian GDP growth of 3.2% in 2011 and 3.8% in 2012
The World Bank expects Australia to grow more rapidly this year than global high income countries as a whole, reports Richard Farmer.
Australia now needs to fill a $130 billion dollar hole
Around 40 of Australia’s biggest financial deposit taking groups will get lender of last resort facilities from the Reserve Bank, just as banks did years ago, and just as they did in the December quarter of 2008 when the GFC was shutting down world and local markets.
Was it just a bump in the road?
The term “economy” is a misnomer at the moment, because as everyone furiously agrees, there’s not one economy, but a two- or three-speed economy at work. So is yesterday’s GDP number a one-off, a mere “bump in the road?”
Everyone’s hoping this was a mere “bump in the road”
It’s in everyone’s interest to explain away today’s weak GDP figure as a one-off — in spite of nagging evidence that the economy outside the mining industry isn’t quite as strong as we’d all like to think.
Political snippets: GDP data more evidence of fading boom
Further evidence today that the Australian economy is not exactly booming.
We’re approaching boom levels of growth: ABS
The Australian economy is approaching boom-like levels of growth, making a mockery of all those critics on the conservative side of politics and economics.
Business As Usual: Economy back to centre stage … BP = Big Problems … more US banks go under …
About $US50 billion has been wiped off BP’s market value since mid-April, more US banks bite the dust as consumers try to save rather than spend, Iron ore prices may be on the up and other business news.
Your Say: Daily Mail readers' feedback: Where’s the critical analysis?
Crikey readers weigh in on America’s economic health, federalism for Australia, John Howard the big new cricket boss and the most dangerous Australian workplaces.
Ask the economists: are we overstimulated?
Crikey asked a group of leading economic hard heads whether it was finally time to wind back the stimulus in light of yesterday’s growth number and the RBA’s decision on Tuesday to hike interest rates.
Yes, we ARE out of the woods … now let’s focus on the Budget
Today’s GDP growth figure shows an economy moving from stimulus-supported growth to private-led growth, which frees up the Government to get back to managing a growing economy.
Political snippets: A pleasing growth result
Even the economic pundits can be pleased with this morning’s GDP figures released by the Australian Bureau of Statistics. Plus, no evidence of inflationary pressures yet and good news for any new Premier.
graph pr0n 
Bailouts vs. Stimulus vs. GDP
A great data visualisation from the Harvard Business Review showing how large a percentage of their GDP different countries are spending on bailouts and stimulus packages in the wake of the GFC.
A rear-view mirror on the Australian economy
The latest National Accounts data allows us to look back at how the Australian economy has been travelling, says Bill Mitchell. The good news is the GDP is growing, the bad is that the economy is barely keeping its head above water.
