Two speeds out the wazoo

Wednesday 7 December 2011

Here’s a couple more charts from the National Accounts. The two speeds of Australian states are starting to become pretty crazy. Victoria and SA are in recession. NSW is growing at 0.5%. Meanwhile, WA grew at 8.4% at QLD at 3.5%. That is, for the quarter.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.