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1.Market Observations, 8.Was Sticky

2 Mar 2017 (AFR) – Economic growth back on track – National income reprieve stokes economy, GDP rose 1.1pc in December quarter

(2 March 2017, AFR, p1, by Jacob Greber)

‘Misplaced recession warnings have been quashed after households last quarter shrugged off low wages growth and prospects of rising interest rates to spend up big, and as an ongoing boom in global commodity prices boosted national income by the most in 6½ years. In a long-awaited reprieve from consistently subpar economic data, gross domestic product rose 1.1 per cent in the December quarter after contracting 0.5 per cent in the previous three months.’

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

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