CBA: Commodity bust to drive MOAR RBA cuts

From the excellent Gareth Aird at CBA:


Output growth in Australia has been soft over the past year.  The latest national accounts put real GDP growth at just 1.8% over the year to Q1 2019.  But over that same period, total national income growth has been decent.  Indeed nominal GDP, the broadest measure of national income, has been pretty healthy over the past few years (chart 1).  And it is set to push higher when the Q2 2019 national accounts are released in early September.

There are 1703 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.