You are here

The great Q4 Aussie growth may be a false dawn

Thursday, March 2, 2017 - 05:50

BT_20170302_NAHAUS2_2769461.jpg
The GDP report shows it's only a substantial reduction in the savings ratio that financed a jump in consumer spending; and with household debt at a record high, it is debatable whether this will continue.

Sydney

AUSTRALIA'S smashing growth may not be quite as good as it seems.

It's clear that China's renewed resource binge has brought back the good times for its commodity-driven economic satellite, emboldening Aussie households to ease up saving and ramp up spending.

And the

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom