National accounts show past performance no guarantee of future results
- Written by Richard Holden, Professor of Economics and PLuS Alliance Fellow, UNSW
Wednesday’s GDP figures were good. Growth was up 0.9% in the June quarter and 3.4% over the past 12 months.
As they say in baseball: “You can’t boo a home run.” But you can ask how likely the batter is to do it next time. The detail behind the figures raises further questions.
How good were they really?
Even before we get to...
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