Read yesterdays paper? (1 Viewer)

[zemaj]

Good stuff about the drought & global markets. Predicted 1 percentage point drop in growth, and neutral, possibly expansionary monetary stance by RBA. Also housing boom coming out due to oversuply.

Good stuff IMO. Gonna use it where I can.

Good luck.

-zem

 

[Lord Ac]

Is it shaving of 0.7per cent, or 1 per cent? Im getting varied resposes.

Ac

 

[Bambul]

There are only estimates, so you're bound to get conflicting amounts.

The last time Australia had a drought whilst the global economy was in a downturn was 1982/83 when it took 1% of growth. But no-one will know until the figures come out, which will hapen over the next 6-12 months.