Aug 7, 2014

Evidence suggests an economy tracking below trend

Data this week shows the economy has slowed in the June quarter, maybe significantly, write Glenn Dyer and Bernard Keane.

The key macroeconomic issue for ordinary Australians at the moment is whether the strong start to the calendar year we saw in terms of economic activity has been maintained into the June quarter. And this week there’s plenty of evidence to support the Reserve Bank’s forecast that economic growth is softening after the strong 1.1% quarter on quarter growth in the March quarter.

RBA governor Glenn Stevens said on Tuesday after the bank left interest rates on hold:

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One thought on “Evidence suggests an economy tracking below trend

  1. Dogs breakfast

    Hold on, what’s happening. Tony was elected, and everyone in business and, yes, I’m pointing at you Harold Mitchell, assured us that the economy would just fly once the dead weight of those heathen Laborites were got rid of.

    Surely this can’t be happening. Aren’t they such wonderful managers that everything just works once they are back in office and god is in his heaven once again?

    Say it ain’t so, Joe.

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