Strong GDP growth figures show economy on track
- Written by The Conversation
It is hard to find any bad news in the latest quarterly GDP result. GDP growth of 1.1% for the March quarter (0.9% trend) puts annual growth just over 3%.
The Federal Budget and subsequent Pre-election Economic and Fiscal Outlook (PEFO) forecast for 2.5% for the current fiscal year 2015-16 looks likely to be comfortably exceeded. The figures...