Australian Economic Growth Results – July Quarter 2017

Yesterday, we officially found out that Australia extended the world record for most consecutive quarters of economic growth.

Non-mining growth was excellent and total household consumption rose nearly 1% despite wage growth stagnating at just under ½ a percent.

Yet, with these comparatively weak results – Treasurer Scott Morrison called the results a “strong set of numbers.” So why the sudden optimism?

Reporter Hans Lee asked Shane Oliver – Chief Economist at AMP Capital if these were the results he was expecting.

Original Broadcast: September 7th, 2017

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