Yes. I know. The worst is yet to come. The mining cliff is...

Yes. I know. The worst is yet to come. The mining cliff is approaching...bla bla bla...


"Weaker $A, low rates boost growth."

"Economic growth rebounded in the fourth quarter to the fastest pace in a year, helped by a lower dollar, surging exports and record-low official interest rates."

Gross domestic product rose 0.8 per cent in the three months through December from the previous quarter, when it gained 0.6 per cent, the Australian Bureau of Statistics said Wednesday.

From a year earlier, growth accelerated to 2.8 per cent after expanding an upwardly revised 2.4 per cent (from 2.3 per cent) in the September quarter.

Markets were expecting rises of 0.7 per cent and 2.5 per cent respectively.

The Australian dollar jumped to US89.88c after the data was released, compared with US89.59c at 11.26am AEDT.


http://www.afr.com/p/national/weaker_low_rates_boost_growth_XOwqvs77SzxtHMUBVW3zpN