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Dec 4, 2013

Has the economy bottomed out? GDP data comes with warning

Despite today's weaker-than-expected GDP data, there's evidence the economy has bottomed and is now picking up, Glenn Dyer and Bernard Keane write.

Joe Hockey

The Australian economy continued to drift in the three months to September 30, seemingly stuck in a sub-trend growth phase while broader domestic activity continues its adjustment to the ending of the resources investment boom which weighed heavily on GDP in the quarter.

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One thought on “Has the economy bottomed out? GDP data comes with warning

  1. Dulong Ttil

    The China’s international trade figures, which were released during last weekend, are good but only limited to the Export from Chinese side. The figures of Imports into China are weak and have dropped significantly. It means China’s demands on importing goods from other countries, e.g. Australia etc. has been reduced substantially.

    This is a not a good signal to Australia.

    In such unfavorable case, the Australian government should consider to adopt tougher monetary easing policy to drive the A$ downwards healthily. So, our Export competitiveness can be strengthened and, our economy can be improved.

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