Tuesday, 12 March 2013
From Market Economics 9 March 2013:
Since that speech was delivered, this has what has happened to growth, investment and jobs:
§ The economy (real GDP) has grown by 1.9% in the three quarters to December 2012. This is an annualised increase of 2.5%.
§ Private sector business investment has risen by 2.5% in the three quarters to December 2012 to be a thumping 70.0% higher than the level of investment when the Coalition was last in office. The capital expenditure expectations data were, according to Westpac, “robust” with investment likely to rise a stunning 11% in 2013-14 to fresh record highs.
§ Since June 2012, 53,400 jobs have been created, 30,000 of these full-time positions.