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Australia – 3Q 2017 GDP
06/12/2017 03:35 pm MYT
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In 3Q 2017, Australia’s GDP, in seasonally adjusted volume terms, rose by 0.6%, quarter-on-quarter, and 2.8%, year-on-year – see figure 1. On the expenditure side, the GDP growth was mainly driven by higher private fixed capital formation, which contributed 0.9 ppts to the growth. On the trade side, exports made a 0.4 ppts contribution, while imports detracted 0.4 ppts from the GDP growth – see table 1. Year-on-year, the terms of trade in 3Q 2017 improved by 9.7% to 114.7. Meanwhile, the seasonally adjusted real net national disposable income increased by 4.5%.

Looking ahead, Australia’s economy is expected to continue benefitting from the synchronised global economic recovery and low unemployment rate. Hence, i Capital forecasts Australia’s year-on-year GDP growth rate for 4Q 2017 to be in the range of 1.8 % - 3.0%, and revises its forecast for the whole of 2017 to be in the range of 2.1% - 2.6%.

   

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Note from Publisher
Despite being a multi-racial, multi-cultural, and multi-religious society, Malaysia has largely been a peaceful country. This is a great achievement in light of a world that is being ravaged by multiple conflicts. Unfortunately, certain individuals and groups have hated this precious social fabric of the country and are making every effort to tear it apart. People say “you never know what you have until you lose it”. We really hope these selfish and irresponsible people will come to their senses before it is too late.

Nevertheless, it is heartening to see that the Malaysian media and civil society organisations have collectively launched a campaign called “Maaf Zahir Batin Hari Hari” or known as #MZB365 to help heal a dividing Malaysia. Carrying the meaning of “please forgive my wrongs, both thoughts and deeds”, the campaign will run for one whole year. This initiative could not have come at a better time. We believe the majority of Malaysians still treasure the country’s unique social fabric. With #MZB365, hopefully the silent majority can have a bigger voice to counter the destructive noises of the divisive minority.
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