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Australia GDP headed for be $700 billion. 60% cut., page-4

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vacant

1,161 Posts.

09/08/20

20:14

Post #: 46411192
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Originally posted by david25: ↑

1995 to 2005 GDP 370 TO 600 Billion 10 years Increase of $23 billion a year.
2005 to 2012 GDP 600 to 1.5 trillion. 7 years. increase of $130 billion a year.
GDP sliding since to 1.4 trillion in 2019 as banks and the government try to hold up the economy with lower interest rates. The whole recovery since 2008 funded by debt debt and more debt.

Factors to consider.
1. Australia GDP propped up by immigration, low interest rates.
2. Corporate profitabilitysubsidized by underpaying workers which reduced disposable income.
3. Trade war with China.
4 Political power struggle with China.
5. Unemployment hidden in underemployment.

Take away China out of the picture and our GDP should fall conservative economic times such as 2006.
I think between 700 and 900 billion.

Australia has to allow real estate to fail so households can function within an economy with lower GDP and stagnant wage growth.

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Your GDP numbers appear to be denominated in USD. You may want to redo your analysis with Australian dollar GDP numbers?

Last edited by vacant: 09/08/20
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