Non-mining Australia \u201cin recession\u201d last quarter | | MacroBusiness<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Leith van Onselen considers that Australia\u2019s non-mining economy may be in recession based on two consecutive quarters of negative growth in state final demand: The blanket statement that Australia grew close to trend in 2012 not only obfuscates the fact that the current growth rate is well below trend and declining even further but also … <\/p>\n
Continue reading “Non-mining Australia \u201cin recession\u201d last quarter | MacroBusiness”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5],"tags":[290,1147],"class_list":["post-6890","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy","tag-australia","tag-dutch-disease"],"yoast_head":"\nNon-mining Australia \u201cin recession\u201d last quarter | MacroBusiness - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Non-mining Australia \u201cin recession\u201d last quarter | MacroBusiness - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Leith van Onselen considers that Australia\u2019s non-mining economy may be in recession based on two consecutive quarters of negative growth in state final demand: The blanket statement that Australia grew close to trend in 2012 not only obfuscates the fact that the current growth rate is well below trend and declining even further but also … Continue reading "Non-mining Australia \u201cin recession\u201d last quarter | MacroBusiness"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/06\/non-mining-australia-in-recession-last-quarter-macrobusiness\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-07T01:32:15+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/06\/non-mining-australia-in-recession-last-quarter-macrobusiness\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/06\/non-mining-australia-in-recession-last-quarter-macrobusiness\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Non-mining Australia \u201cin recession\u201d last quarter | MacroBusiness\",\"datePublished\":\"2013-03-07T01:32:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/06\/non-mining-australia-in-recession-last-quarter-macrobusiness\/\"},\"wordCount\":103,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"Australia\",\"Dutch disease\"],\"articleSection\":[\"Australia & NZ\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/06\/non-mining-australia-in-recession-last-quarter-macrobusiness\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/06\/non-mining-australia-in-recession-last-quarter-macrobusiness\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/06\/non-mining-australia-in-recession-last-quarter-macrobusiness\/\",\"name\":\"Non-mining Australia \u201cin recession\u201d last quarter | MacroBusiness - 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The key to the mining boom was not GDP strength \u2013 real GDP growth was weaker than in the 1990s \u2013 but the income uplift from rising terms of trade. The issue now is the income\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8262,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/12\/china-hard-landing-could-trigger-australia-recession-standard-poor-the-economic-times\/","url_meta":{"origin":6890,"position":2},"title":"China ‘hard landing’ could trigger Australia recession: Standard & Poor – The Economic Times","author":"ColinTwiggs","date":"August 12, 2013","format":false,"excerpt":"\"Australia's exposure to commodity demand from Asia, and China in particular, was a saving grace during the global recession of 2009. But by the same token it has become Australia's Achilles' heel,\" the ratings giant [Standard & Poor's] said. \"Particularly while mining investment remains such a large share of the\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54477,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/06\/14\/54477\/","url_meta":{"origin":6890,"position":3},"title":"Australian households feel the pain","author":"Colin Twiggs","date":"June 14, 2024","format":false,"excerpt":"Australian unemployment increased to 4.0% in May but that's not the full picture. Unemployment declined to 4.0% from 4.1% in April, but the trend increased to 4.0% from 3.9%. Increases remain low compared to pre-pandemic rates of unemployment. Underemployment and trend both remained steady at 6.7%. 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Rising Trend Index troughs signal buying pressure. The ASX 300 Metals & Mining climbed off the floor after an extended test of primary support at 5600. Boosted by an upsurge\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-03-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-03-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-03-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":21200,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/08\/08\/asx-banks-warn-of-severe-recession\/","url_meta":{"origin":6890,"position":5},"title":"ASX banks warn of severe recession","author":"Colin Twiggs","date":"August 8, 2020","format":false,"excerpt":"Still not under control. Daily new cases of COVID19 made another peak at 715 on Tuesday (previous high was 716). ASX 200 The ASX 200 is consolidating in a narrow band around 6000 and Money Flow is trending lower. Breakout from the narrow band will indicate future direction. Breach of\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=6890"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6890\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}