The Australian economy grew in trend terms by 1 per cent in the December-quarter 2011, 0.9 per cent in the March-quarter 2012, 0.8 per cent in the June-quarter 2012, 0.7 per cent in the September-quarter 2012, and in today’s Australian … Read the rest of this entry
In my assessment of the June-quarter 2012 National Accounts data the title indicated my assessment of where the economy was heading – Australian real GDP growth weakens and there is worse to come. Well, the worse to come came today … Read the rest of this entry
When the March-quarter National Accounts data came out it showed very strong growth which seemed to run counter to the other indicators that were available at the relevant time. My blog – Australian national accounts – strong growth creates a … Read the rest of this entry
Today, I present a series of vignettes that traverse a range of related topics. How Australia’s richest person thinks that billionaires work hard and create jobs and wealth and the poor … well drink and smoke a lot while socialising. … Read the rest of this entry
The ABS released the – Australian National Accounts – today for the March 2012 quarter and the results have stunned all commentators including yours truly. Last quarter, the real GDP growth rate had slumped to 0.6 per cent (this was … Read the rest of this entry
Today the ABS released the Australian National Accounts – for the December 2011 quarter which shows that the quarterly real GDP growth rate was 0.4 per cent, down from 0.8 per cent in the September quarter. For the year, the … Read the rest of this entry
As Summer struggles to makes it appearance on the East Coast (coldest start for something like 40 odd years) the ABS released the Australian National Accounts – for the September 2011 quarter came out today and showed that the Australian … Read the rest of this entry
A lot of readers write in asking what about external balances – what they mean etc. They are also sometimes puzzled why I say that the external sector in Australia is currently (and typically) draining real growth in the economy … Read the rest of this entry
As winter arrived (June 1), the March quarter Australian National Accounts came out and showed that the Australian economy contracted by a staggering 1.2 per cent. With the seasons passing into spring and the warm days are back, the Australian … Read the rest of this entry
In the last few days, while MMT has been debating with Paul Krugman, several key data releases have come out which confirm that the underlying assumptions that have been driving the imposition of fiscal austerity do not hold. Ireland led … Read the rest of this entry
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