Recession! Are you kidding?

After this week's stronger than expected GDP numbers it's a one-in-four chance.

Summary: The Australian economy expanded almost 1 per cent in the March quarter, beating expectations. As good as that number was, it’s probably still understating true growth momentum. The data is still far too inconsistent in many cases, especially with regard to household spending, public demand and the way in which it is adjusted. Correcting for inconsistencies yields an economy that is growing at trend or above.

Key take-out: Despite rampant concerns, a recession is highly unlikely after today’s GDP result and in the context of robust job growth, a construction boom and solid consumer spending.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

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

please enter this code below to activate your membership

If you didn't receive SMS code please

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

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles