The Australian dollar dropped on the Q4 GDP data, data is here:
AUD:
OK, the data ….
The economist types are pointing out that the result is actually a 'per capita' recession. That is, if it wasn't; for population growth Australia would be in a real (ie a commonly accepted definition of a) recession.
'Per capita GDP for the last 2 quarters were -0.1% and -0.2%. The previous 'per capita' recession was in 2006.
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Back to the data, here is where the growth came from, and didn't:
Positives from government spending and inventories.
Negatives; weak household consumption, weak residential construction, weak business investment, weak exports.
Just peachy (not).
