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1.Market Observations, 8.Was Sticky

8 June 2017 (TheAge) – National Accounts weakest since the GFC: Warning on housing as GDP growth slips

(8 June 2017, The Age, p11, Peter Martin , Eryk Bagshaw)

‘The OECD has named house prices as the biggest domestic threat to economic growth as new figures push annual growth to its lowest point since the global financial crisis. The Australian economy grew just 1.7 per cent in the 12 months to March, down from 3 per cent three years earlier. The result is the worst since the 1.2 per cent recorded during the depths of the financial crisis in September 2009.’

Read more at TheAge.com.au

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