Early Edition with Kate Hawkesby
Ryan Bridge: Why today’s GDP number is not irrelevant
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:02:22
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Sinopsis
Old, yes. Backward looking, by its nature, but not irrelevant. We’re tipped to grow around 0.3%-0.4% for Q4 2025. It would mark, barring any surprises, the second straight month of per capita growth on the trot. That means average income and standard of living was ticking up on a per person basis, albeit from a low base. This is important because it tells you we're on the move. We're fighting back against the recession. Some say the number is now irrelevant because of the war and oil supply, but there are reasons to be optimistic. We’re looking at alternative supplies. Our current stocks are described as stable. The Reserve Bank is likely to leave interest rates where they are in three weeks. And there’s a fork in the road, if inflation bumps, there’ll be temptation to hike rates later. But we can still grow at a clip under 3% if two things happen: 1. We don’t panic buy and self-fulfil a fuel shortage2. We learn lessons from Liberation Day. Trump's actions are chaotic and often quickly reversed. T