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I'm sorry to rain on your parade but Australia has had decent levels of GDP growth for the past decade. It hasn't been the lost decade that some OECD countries
by rbg246 10y ago
I'm sorry to rain on your parade but Australia has had decent levels of GDP growth for the past decade. It hasn't been the lost decade that some OECD countries has experienced. Australia has experienced a mining boom not unlike Canada.
- adaml_623 10y agoI don't think you've actually done your research. I can see lower than average GDP growth which is what the OP said. [0] In addition it's undeniable that the RBA has been cutting the cash rate and that just like the OP said a rise in the cash rate might pop the bubble. [1] I don't know the sources of your opinions/information but you should consider whether they are slightly biased for some reason. [0] - http://www.tradingeconomics.com/australia/gdp-growth-annual http://www.tradingeconomics.com/australia/gdp-growth-annual [1] - http://www.rba.gov.au/statistics/cash-rate/ http://www.rba.gov.au/statistics/cash-rate/
- rbg246 10y agoThe comment I was replying to was saying Australia's GDP growth was comparable to the rest of the world, I said it was not. Your first source shows a consistent 2 - 2.5 growth rate except the last two where one was 3 and the other 1.8, majority of OECD countries would be very happy with that sort of growth.