Before I start here are two comments on the GDP release:
- australia-economic-growth-big-drivers-shape-matters-size
- australian-economic-growth-is-solid-but-not-spectacular-rate-cuts-are-off-the-table
Strong investment growth, the forth rise in productivity, strong growth in housing, the private sector taking over the reins of growth all give the right signs. However CBA research says we are fast approaching the speed limit of the economy which is a problem.
This means we need more investment fast.
We shall see how good this government is and whether they understand the problem
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