Over the weekend, you may have noticed that MacroBusiness Industries launched the new Spruikbot Telephunken U-47. I am thrilled to inform readers that the launch has been wildly successful. Orders have run far ahead of production and we’re planning a dramatic expansion of our Mexican factory floor.
Two early takers were the Australian Labor Party and several major media outlets. We are not sure which has been deployed this morning but we are sure you will agree that the Koukbot Telphunken U-47 is a spectacular operational success:
The Australian economy is poised to end 2013 with a surge in activity. Such is the momentum that GDP is on track for 3.8 per cent growth in 2014. This lift in growth should see the unemployment rate drop to 5 per cent or a little less by the end of that year while the inflation rate will edge higher, probably moving to the upper half of the Reserve Bank’s target band.
The world economy is set to power:
…The US housing sector is lifting which will support activity and household consumption. In China the situation remains positive, with growth forecast to remain solid as policy makers aim for stronger activity. No doubt the eurozone remains problematic but even there, some tentative signs are emerging that growth will at least stabilise by the end of the year before edging up in 2014.
And Australia to quite literally boom:
…Household consumption is forecast to rise 3.5 in 2014, which will account for around 2 percentage points of the 3.8 per cent GDP growth rate I am forecasting. The household sector’s finances are in rare shape. Debt levels as a share of income have been falling, savings have been increasing and wealth rising in line with the solid rise in share prices and moderate lift in house prices.
These favourable structural issues, added to the fact that real incomes continue to grow and that the current low level of mortgage interest rates is reducing debt servicing costs by tens of billions of dollars per annum, make it easy to construct a case where consumption growth lifts to an above trend pace.
Dwelling investment is poised for a strong gain, with low interest rates, pent up underlying demand and a jump in alterations and additions all favourable drivers. A rise of 10 per cent is forecast for dwelling investment, a growth rate that would add around 0.5 percentage points to GDP growth in 2014.
As you can see, the Koukbot is firing on all cylinders. The device goes on to nicely set up the LNP for a fall from these perfect economic settings:
Public demand will be something of a wild card for the economy in 2014. As things stand, public final demand is likely to rise by around 1 per cent in 2014. This will contribute a further 0.2 percentage points to GDP growth…That said, this is probably where there are some of the greatest risks to the growth outlook with a federal Coalition government possibly undertaking cuts to spending.
As the manufacturer, we must warn that dialing the Koukbot to its highest setting for any extended period does come with the danger of overheating. We suggest short bursts only and that you always follow the instructions carefully.
For those that are not yet up-to-speed, find below the corporate video.
