Australian EconomyAustralian interest rates

CBA: Commodity bust to drive MOAR RBA cuts

David Llewellyn-Smith
Thursday, 22 August 2019
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From the excellent Gareth Aird at CBA:

Overview

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.

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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.