Sunday 26 August 2012

Unwinding of our Terms of Trade and GDP Growth




Treasury data released in July shows that roughly half of the growth in average income experienced in the 2000s was due to the rise in out terms of trade, and the economy and income growth would therefore experience severe challenges in future when the terms of trade unwind.
http://www.treasury.gov.au/PublicationsAndMedia/Speeches/2012/Productivity-and-Structural-Change

http://www.mckinsey.com/insights/mgi/research/asia/australia_productivity_imperative

No comments:

Post a Comment

Comments by approval only, sometimes... :-)