Australian growth a developing story

The advanced economies still matter to us … but our biggest partners are now developing economies.

I mentioned in my April 22 piece The slowdown lowdown: No cause for alarm, that the US sequester was unlikely to lead to the jobs destruction that the Congressional Budget Office and other economists thought it would. And last Friday we found out that is indeed the case, so far.

The soft number in March that got everyone worried was revised up, and April jobs were strong. The average over the last three months is 212,000, which is extraordinary growth.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles