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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

6 June 2019 (TheAge) – No need for panic, but the government may need another economic plan

(6 June 2019, The Age, p6, By Shane Wright)

‘The economy is tanking. The Reserve Bank is slicing rates to a level not even considered during the Great Depression. And Donald Trump is playing tariff roulette with China. But none of this is going to have the freshly re-elected federal government panicking. Yet. The national accounts released on Wednesday were, by any measure, poor. A 0.4 per cent lift in the March quarter, half of which was statistical noise, took annual growth to its lowest level since the GFC.’


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