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

5 Sept 2019 (AFR) – The message in the economic numbers

(5 September 2019, AFR, p32,  Patrick Commins, Columnist)

Growth in public and private demand (RBC Capital, AFR)

Growth in public and private demand (RBC Capital, AFR)

‘The first current account surplus since the 1970s and the slowest pace of GDP growth in a decade. It’s been a week of dizzying highs and, if not exactly terrifying, then troubling lows. Growth in real GDP over the June quarter of 0.5 per cent met analysts’ expectations. Nonetheless, the annual growth rate of 1.4 per cent was, as you will read everywhere, the weakest in a decade.’

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