Australian GDP figures: economic fundamentals are strong says Frydenberg – business live

After data shows the economy growing at its slowest rate since 2009, the treasurer says Australia is ‘resilient’. Follow all the reaction and developments live 6.47am BST For an in-depth examination of the GDP numbers, look no further than this column…

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No surprise, but shocking: there’s no other way to spin Australia’s GDP | Greg Jericho

If you take away government spending, the economy would have shrunk in the June quarter. So much for ‘remarkable resilience’Today the government has been madly attempting to spin the GDP figures as good. So let’s cut straight to the point – the figures…

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The no-growth future: has Australia’s economy finally run out of luck?

The expectation, based on the past, that we should get richer and richer may have reached its use-by dateWages are stagnant. Wealth is falling. House prices are down. Consumers aren’t spending. Businesses aren’t investing. Interest rates are at record …

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Industrial exports are the engine of developed economies. Ours has stalled

Brexit-related recession looks ever more likely, and with their poor investment levels, UK firms are worse-placed than many to withstand the shockDowning Street must add the likelihood of a UK recession to its list of possible scenarios after official …

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Bank of England warns of 1 in 3 chance of Brexit recession

Committee votes 9-0 to keep interest rates at 0.75% as uncertainty drags down the UK economyBritain has a one in three chance of plunging into recession as uncertainty over Brexit drags down the economy, the Bank of England has warned.Keeping interest …

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British consumer keeps UK plc afloat as key sectors start to sink

As a no-deal Brexit looms sterling is starting a steep slide and growth is stallingExperts debate the dataHow the Brexit vote affected UK economy – July verdictThe British consumer is holding up the country’s economic performance but key sectors are sh…

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How has Brexit vote affected the UK economy? July verdict

Each month we look at key indicators to see what effect the Brexit process has had on growth, prosperity and tradeExperts debate the dataBritish consumers keep the UK afloat Continue reading…

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Why Trump prefers Mario Draghi over Jerome Powell

As the US president at last gets his interest rate cut he must wish he could have had the bold ECB boss at the FedCentral bankers rarely say anything that sticks in the memory. Mark Carney has been at the Bank of England for the past six years and is k…

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