Australian GDP growth: As good as it gets for a while?

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After discussion in recent months as to whether the likely sustainable trend rate of Australian economic growth has slowed, along came the December quarter National Accounts showing growth through 2015 had picked up to 3.0%. Certainly that helped rationalise the buoyant labour market in late 2015, but the weakness in wages growth and the relative strength in lower paid more labour intensive sectors of the economy is also a factor.

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