Australian economy grew faster than expected in the June quarter
Sep 7th 2011, 2:16 am
#1
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Australian economy grew faster than expected in the June quarter
No recession in Australia yet Haters:
http://www.theaustralian.com.au/busi...-1226131278220
http://www.theaustralian.com.au/busi...-1226131278220
Sep 7th 2011, 3:12 am
#2
snɐןɔ ʎʇıuɐs
Joined: Nov 2006
Posts: 6,558
Re: Australian economy grew faster than expected in the June quarter
Sigh.
Australia's fortunes are based on base resources.
Most people think we are looking towards a double dip at the very least, with the US and Europe going back into recession from what are at the moment VERY weak growth numbers (0.1 - 0.3% is basically fiddling the numbers to keep them above 0).
When the west is in recession most people expect China to hurt bad this time as infrastructure investments can't be paid back and markets evaporate.
As China hurts, Australia hurts.
So you'd expect Australia economy numbers to lag world numbers, except that companies and markets will pull in their heads once the realise recession is here. So initial hit, plus longer term follow-up - painwise.
What the numbers are today say what was happening yesterday; it says nothing about what's expected to happen tomorrow.
Australia's fortunes are based on base resources.
Most people think we are looking towards a double dip at the very least, with the US and Europe going back into recession from what are at the moment VERY weak growth numbers (0.1 - 0.3% is basically fiddling the numbers to keep them above 0).
When the west is in recession most people expect China to hurt bad this time as infrastructure investments can't be paid back and markets evaporate.
As China hurts, Australia hurts.
So you'd expect Australia economy numbers to lag world numbers, except that companies and markets will pull in their heads once the realise recession is here. So initial hit, plus longer term follow-up - painwise.
What the numbers are today say what was happening yesterday; it says nothing about what's expected to happen tomorrow.
Sep 7th 2011, 8:25 am
#4
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Joined: Jul 2008
Posts: 823
Re: Australian economy grew faster than expected in the June quarter
Sigh.
Australia's fortunes are based on base resources.
Most people think we are looking towards a double dip at the very least, with the US and Europe going back into recession from what are at the moment VERY weak growth numbers (0.1 - 0.3% is basically fiddling the numbers to keep them above 0).
When the west is in recession most people expect China to hurt bad this time as infrastructure investments can't be paid back and markets evaporate.
As China hurts, Australia hurts.
So you'd expect Australia economy numbers to lag world numbers, except that companies and markets will pull in their heads once the realise recession is here. So initial hit, plus longer term follow-up - painwise.
What the numbers are today say what was happening yesterday; it says nothing about what's expected to happen tomorrow.
Australia's fortunes are based on base resources.
Most people think we are looking towards a double dip at the very least, with the US and Europe going back into recession from what are at the moment VERY weak growth numbers (0.1 - 0.3% is basically fiddling the numbers to keep them above 0).
When the west is in recession most people expect China to hurt bad this time as infrastructure investments can't be paid back and markets evaporate.
As China hurts, Australia hurts.
So you'd expect Australia economy numbers to lag world numbers, except that companies and markets will pull in their heads once the realise recession is here. So initial hit, plus longer term follow-up - painwise.
What the numbers are today say what was happening yesterday; it says nothing about what's expected to happen tomorrow.
Sep 7th 2011, 8:37 am
#5
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Sep 7th 2011, 9:28 am
#6
Joined: Jun 2006
Posts: 4,555
Re: Australian economy grew faster than expected in the June quarter
Previous quarter was negative 1.2% due to floods and cyclones. If the growth is sustained rate rises are certain.
No recession in Australia yet Haters:
http://www.theaustralian.com.au/busi...-1226131278220
http://www.theaustralian.com.au/busi...-1226131278220
Sep 7th 2011, 10:15 am
#7
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Location: Not Brisbane
Posts: 1,210
Re: Australian economy grew faster than expected in the June quarter
Sep 7th 2011, 11:38 am
#8
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Location: London - but only until I can afford to move back to Sydney
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Re: Australian economy grew faster than expected in the June quarter
The OP just wants to antagonize people because their opinions conflict with his utopian vision of Australia which is to be fair based on working in the only healthy sector of the Australian economy. He's polarized those of us that comment negatively as Haters which is just childish.
Sep 7th 2011, 12:20 pm
#9
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Joined: Jan 2010
Location: Perth
Posts: 816
Re: Australian economy grew faster than expected in the June quarter
Tomorrows another day, it's the one after today and as today was a great day for us anyway, tomorrow can only be as good.
Sep 7th 2011, 12:32 pm
#10
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Joined: Jul 2008
Posts: 823
Re: Australian economy grew faster than expected in the June quarter
The OP just wants to antagonize people because their opinions conflict with his utopian vision of Australia which is to be fair based on working in the only healthy sector of the Australian economy. He's polarized those of us that comment negatively as Haters which is just childish.
Sep 7th 2011, 1:52 pm
#12
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Location: London - but only until I can afford to move back to Sydney
Posts: 938
Sep 7th 2011, 1:59 pm
#13
Lost in BE Cyberspace
Joined: Oct 2008
Location: Perth
Posts: 6,775
Re: Australian economy grew faster than expected in the June quarter
Sigh.
Australia's fortunes are based on base resources.
Most people think we are looking towards a double dip at the very least, with the US and Europe going back into recession from what are at the moment VERY weak growth numbers (0.1 - 0.3% is basically fiddling the numbers to keep them above 0).
When the west is in recession most people expect China to hurt bad this time as infrastructure investments can't be paid back and markets evaporate.
As China hurts, Australia hurts.
So you'd expect Australia economy numbers to lag world numbers, except that companies and markets will pull in their heads once the realise recession is here. So initial hit, plus longer term follow-up - painwise.
What the numbers are today say what was happening yesterday; it says nothing about what's expected to happen tomorrow.
Australia's fortunes are based on base resources.
Most people think we are looking towards a double dip at the very least, with the US and Europe going back into recession from what are at the moment VERY weak growth numbers (0.1 - 0.3% is basically fiddling the numbers to keep them above 0).
When the west is in recession most people expect China to hurt bad this time as infrastructure investments can't be paid back and markets evaporate.
As China hurts, Australia hurts.
So you'd expect Australia economy numbers to lag world numbers, except that companies and markets will pull in their heads once the realise recession is here. So initial hit, plus longer term follow-up - painwise.
What the numbers are today say what was happening yesterday; it says nothing about what's expected to happen tomorrow.
Still got a while to run a couple of years with luck? No crystal ball to say when worse luck.
Sep 7th 2011, 9:52 pm
#15
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Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Australian economy grew faster than expected in the June quarter
The OP just wants to antagonize people because their opinions conflict with his utopian vision of Australia which is to be fair based on working in the only healthy sector of the Australian economy. He's polarized those of us that comment negatively as Haters which is just childish.
I've been called lots of things in my life, mature ain't one of them!