I'm fairly sure that one of the reasons Australia runs an immigration rate at twice the average of the OECD countries is so they can claim no economic contractions (that and also in an attempt to keep the housing bubble inflated). Remove the 100's of thousands of immigrants and students we cram in to Sydney & Melbourne every year and we would have absolutely been in recession already. Take away the hot Chinese money illegally flowing into the housing sector and look at what happens.
And we are in a GDP per capita recession currently https://www.abc.net.au/news/2019-03-06/gdp-q4-2018/10874592
With the lowest interest rates in recorded history, the Aussie economy is circling the bowl.
Interview with Duncan Hughes, BDM Gold Road, page-25
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Last
$1.61 |
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0.025(1.58%) |
Mkt cap ! $1.717B | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.62 | $1.61 | $1.101M | 683.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 27 | 47048 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.61 | 12765 | 4 |
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| Last trade - 10.36am 18/06/2024 (20 minute delay) ? |
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$1.62 |
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| $1.61 | $1.62 | $1.61 | 78209 | ||
| Last updated 10.51am 18/06/2024 ? | |||||
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