Monday 7 December 2015

Too much dependence on exports to China

Now that China, Australia’s largest export market, is fast running our of steam Australia's resource boom is coming to an end we can expect Australia’s GDP to shrink:
 

Australia is facing nothing short of a crisis, yet GDP growth is holding up surprisingly well at 2.5% growth year on year. Next year should be an interesting year in real estate.  Can Australian government and central bank prevent the real estate bubble exploding?

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