GDP - News, Features, and Slideshows

News

• Australian businesses falling behind in digital uptake

  Australian enterprises are lagging behind in the use of digital technologies, resulting in stalled economic growth, new research reveals.
  

• GDP growth good, but could be better

  Australia's economic growth remains solid but the devil is in the detail.

• GDP growth still needs to be broader: ACCI

  Business groups say the make-up of growth over 2012 indicates that the transition from resources to non-mining sectors to drive the economy may still need the helping hand of another interest rate cut.

• Australian economy grew 2.1% in FY11

  Australia's GDP increased by 2.1% in 2011 during the 20th year of growth, ABS data shows, and the nation's total net worth gained by more than $62b

• Business conditions bounce back in September

  Australian business conditions and confidence improved in September after a two-month lull, but there are signs overall recovery may be slow, NAB (ASX:NAB) research shows

• GDP grows 1.2% in Q4, 1.8% in FY11

  Australia's GDP increased 1.8% in FY11, ABS data shows, with gross domestic income reaching the highest peak in 23 years

• RBA leaves cash rate unchanged

  The RBA board has voted not to touch the cash rate again in June, on the belief that GDP and CPI inflation are returning to their target trajectory as the effects of natural disasters mitigate

• RBA leaves cash rate unchanged

  The RBA has voted to leave the cash rate at 4.75%, but said there are signs that rising inflation will influence the rate in the long term

• GDP economic measure misleading: Stiglitz

  Replacing the gross domestic product (GDP) with another measure of economic output holds distinct advantages, says the World Bank former chief economist and Nobel Prize winner, Joseph Stiglitz. The GDP could be “a misleading indicator” for countries trying to measure their economic success, Stiglitz told delegates at the Australian Economic Forum in Sydney.