The Dismal Science

213 - GDP Growth Stumbles, Per Capita Recession Deepens, Will the RBA Hold Firm?


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This week, we examine Australia's latest soft GDP figures. The headline number is a weak 0.3% quarterly expansion, the lowest rate of annual growth since the pandemic with private sector demand contributing nothing to this meager growth figure.

Will the RBA stay the course with rates on hold in the face of a deepening per capita recession and falling living standards?

We also look at what's driving Australia's poor economic performance relative to other OECD nations. Get your ticket to AGS: https://www.aicd.com.au/events/australian-governance-summit.html

Subscribe to Mark's weekly column here: https://www.aicd.com.au/news-media/economic-weekly.html

 

 

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