Overall, we believe the unemployment rate will stay around its new level for the next few months as the economy consolidates and handles the transition out of high levels of government support to the business sector.
The latest GDP results shows the national economy screeched to halt in the June quarter of 2020, declining 7 percent from the previous quarter, to be down 0.2 percent year on year.
2020 is a Leap Year and the extra day’s GDP will add around $5.2 billion to the economy for this year’s national accounts.
The latest GDP results reaffirm the economy is stuck in slow mode, with both consumption and investment activity treading water
The Australian economy has slowed dramatically during the final quarter of 2018, with GDP growth of only 0.2 percent q/q, and 2.3 percent y/y
The September quarter 2016 GDP results confirmed what was expected, which is an economy that’s in reverse in real terms. Unfortunately, the key cause of this decline has been a…
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