Two disparate articles in the Australian Financial Review today
First up, columnist Christopher Joye on the Q1 GDP:
In rationalising its May decision to slash the cash rate ... the RBA claimed growth in 2016 was "more moderate" than that experienced in 2015 ... Here is the sequence of year-on-year GDP growth numbers over the last four quarters:
- 2.0 per cent to June 2015;
- 2.6 per cent to September 2015;
- 2.8 per cent to December 2015;
- and 3.1 per cent to March 2016.
The article has more and it appears ungated, but you can make up your own mind if a sequence that goes 2, 2.6, 2.8, 3.1 is moderating (if you think it is, maybe avoid Mensa testing, yeah? And RBA entrance tests too it would seem).
More from the AFR, this time looking at what could well be clouds on the horizon:
- concern about the impact of numerous policy decisions on the property development industry and the economy (eg. sudden pullback by the major banks from lending to foreign buyers & new taxes imposed on foreign buyers ... including a 7 per cent stamp duty surcharge)
