Better than the big boysBY BENJAMIN ONG | WEDNESDAY, 10 JUN 2015 9:35AMWhile Australia's real GDP growth of 0.9% in the first quarter surpassed expectations, majority of blokes and shielas saw the "half-empty glass" year-on-year growth rate of 2.3%. It was below trend. Related News |
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So further rate cuts for Australia won't be happening. Rate increases in the US won't be happening. $A then goes up. Growth slows in Australia because of high $A. Seems like a cycle that won't stop.