Economy grew 2.1 per cent yet it’s ‘over the speed limit’ for the RBA
Community Score: 50% | 64 views | 1mo
0 community ratings: null thumbs up, null thumbs down
Professor Richard Holden from UNSW Business School says the economy “grew at 2.1 per cent” but according to the Reserve Bank of Australia it’s “over the speed limit”. “We saw in the national accounts today, not per capita, but overall, the economy grew at 2.1 per cent per year last year; that doesn’t sound great, it’s not great relative to history,” Mr Holden told News24 host Chris Kenny. “But according to the Reserve Bank it’s too fast, it’s over the speed limit because we’ve got negative productivity growth. “They’re probably going to have to raise interest rates later this month.”
Tags: 6404476093112, chriskenny, fb, msn, opinion, yt
More from Sky News Australia
- BREAKING: Shocking arrest of former prince Andrew — Score: 50%
- Calls for ‘two-year ban’ on immigration to boost Australia’s economy — Score: 50%
- UK justice acts as ex-prince Andrew faces arrest while US figures escape accountability — Score: 50%
- Andrew sweating in a ‘police cell’ despite past sweat claims — Score: 50%
- Reaction from the UK of Andrew’s arrest has been ‘seismic’ — Score: 50%
- ‘Deeply embarrassed’: Royal Family rocked by Epstein scandal — Score: 50%