2016: A Most Reasonable Year for the Economy

Stephen Koukoulas

The Australian economy is in reasonable shape as 2016 draws to a close. Real GDP growth is around three per cent, inflation is 1.5 percent while the unemployment rate is hovering near 5.75 percent. To be sure, it would be desirable if growth was a little stronger and unemployment lower, but given the collapse in mining investment, consumer spending being constrained by record low wages growth and the pressure of global disinflation on local producers, 2016 has been a stronger year than almost all forecasters were anticipating at the start of the year. There are reasons to think that 2017 will also be a reasonably good year for the economy and I examine them in this blog post: (VIEW LINK)


Stephen Koukoulas

Stephen Koukoulas has a rare and specialised professional experience over more than 25 years as an economist in government, as Global Head of economic and market research, a Chief Economist for two major banks and as economic advisor to the Prime...

Expertise

No areas of expertise

inflation unemployment australian economy

Comments

Please sign in to comment on this wire.