Gross domestic product figures out this morning give no support at all to those who attacked Treasurer Wayne Swan for being too optimistic last week with his revised growth forecasts.
Gross domestic product
Political snippets: Premature self congratulation? And Hu’s coming to dinner
Premature self congratulation? Given the spate of bad headlines Labor had been getting it was natural enough for Treasurer Wayne Swan to express his pleasure at the gross domestic product figures yesterday showing that the economy is growing again. Pronouncing that the return to growth showed the economy was in good shape. Adding that the […]
No, the sky’s not falling — the economy is in rude health
The Australian economy isn’t dying, it isn’t in need of a rate cut to halt a slide towards a recession, it isn’t suffering from a lack of spending or demand: in fact it’s in rude health.
Political snippets: A big GDP fall but no need to worry
What makes this downturn not a matter for real concern is that, with nature having been kinder since February, export growth is back on track so we are not on the verge of a recession as a casual glance at the figures might indicate.
Ask the economists: Are we out of the woods yet?
Australia’s economic growth in the September quarter rose by just 0.2%. Leading economists give their reaction, and their make predictions for the year ahead.
This “recession” is built on rubbery figures
Much has been made of the apparent rise in the savings ratio in the December quarter national accounts, but this could be a furphy, writes Glenn Dyer.
Kohler: Saving is such sweet sorrow
In a way, this is the debt retrenchment and savings recession we had to have, writes Alan Kohler.
Dunkirk done, it’s time to defend the economy
In the new economic rock vs scissors game, deleveraging trumps government stimulus every time, writes Steve Keen.
RBA goes for hardly any growth
The $42 billion of spending now being argued over in Canberra will go a long way to keeping the national economy from sliding into recession this year, writes Glenn Dyer.
Aus economy leading the world
As the world’s growth slows to a trickle, the Australian economy could still emerge as an island in the sun, writes Glenn Dyer.
US rate cut prompts a frenetic day for the markets
Wall Street dithered overnight, then rose and ended up by just over 100 points, the Fed mentions inflation and economic stability in the same breath and US bond rates rose: all in all it was all a bit frenetic, reports Glenn Dyer.
