GDP

Australia is the envy of the developed world at the moment with it's economy showing consistent growth. Yesterday figures showed the economy grew in the December qtr by 0.9%.

From a year earlier the economy has grown by 2.7%. Much of this, about 2/3, was as a result of stimulus added to the system by the government. The economy now has to try and continue that growth on it's own.

The economy still has room to move as it approaches trend but expect further rate hikes to ensure it doesn't overshoot.