Post on 14-Apr-2017
$102 Billion Foregone GDP in Australian Economy since GFC
• Between 2008 and June 2015; average real GDP growth rate was 2.4% or 0.9 points lower.
• Average real GDP growth rate in Australia between 1990 and 2008 was 3.3%
• Based on 3.3% growth trend assumption and between 2008 and 2015 Australian economy could have accumulated $102 Billion more GDP
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1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 20170%
1%
2%
3%
4%
5%
6%
Real GDP Growth in Australia(1996-15)
HIH CollapseIntroduction of GST After math of GFC
1.9%1.8%
Highest growth rate since 1990
Mining Boom peaks
3.6%
2.3%
5.0%
GDP Trend
Swan’s $52.4 BillionStimulus Package
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2009 2010 2011 2012 2013 2014 20150.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
Foregone Australian GDP % (2009-15)
Under
Over
Average GDP Growth Rate(1990-2008)
Mining Boom peaks
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