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Late yesterday, in a conversation with Michelle Grattan on The Conversation’s Politics podcast, Deputy Governor Andrew Hauser talked about monetary policy, oil prices, and the Australian economy.
Hauser said the Australian economy is now in fantastic shape. Over the past year, economic growth has accelerated, unemployment is still near all-time lows, and overall wealth and income levels are comparable to those of other developed economies.
Hauser pointed out that the economy appears to have very little spare capacity based on current data.
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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.