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.
National accounts
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.
No trade boost this quarter to help national growth
ABS figures show a slump in Australia’s trade performance.
Australia avoids recession: what the pundits say
Yesterday’s confirmation that the Australian economy had avoided a technical recession sent the Rudd government into a fit of giggles, but the commentariat was less enamoured.
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.
