A GDP booster?

Downturn advocates overlook one of Australia’s key saving attributes.

 I’ve noted before, and I think the macro data backs my case strongly, that there is a clear tug of war going on at the moment between confidence, which is abysmal, and the underlying fundamentals (which seriously could not be better). It was positive to note this week then, the almighty tug we saw in the direction of the fundamentals.  Car sales surged and loan demand picked up quite a bit as well. Two very positive developments reminding us why it is exactly that we shouldn’t write Australia off and why, despite the not so little issue of confidence, we can’t consign this country to the downturn dustbin just yet.  


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