Australian Economy Australian recession Featured Article

FIRE sector party pushes Oz risk to GFC eve

Wednesday 4 March 2015

Yesterday’s national accounts release for the December quarter confirmed that Australia’s FIRE economy – Finance, Insurance and Rental, Hiring & Real Estate Services – continues to bath in sunshine, maintaining its record high 11.3% share of the Australian economy (see next chart).

With finance and insurance doing especially well, hitting an all-time high 8.6% GDP share (see next chart).

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.