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I 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 R
by adaml_623 10y ago
I 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.