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1.Market Observations, 8.Was Sticky

8 Dec 2016 (AFR) – The Australian economy is not half way to a recession

(8 December 2016, AFR, p4, by Philip Baker)

‘The economy may have gone backwards in the September quarter, but we’re not on the edge of a recession. For sure, it’s not a good look by any stretch and without doubt the economy is a lot weaker than most people thought, so it’s fair to say we’re no longer the shining example everyone thought we were. But economic expansions like the one Australia has enjoyed for so long don’t just die suddenly. They have to be killed off and at this stage it doesn’t look like that will happen. Still, that doesn’t mean we don’t have to worry.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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