The UK: Economy & Markets

[qldfrog]

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Australia looks top dog compared to the motley crew above.​

Australia Economic Snapshot​

Economic Forecast Summary (June 2022)​

Real GDP is projected to grow by 4.2% in 2022 and 2.5% in 2023. The Australian economy is set to continue its solid recovery from the pandemic after having withstood the recent resurgence of COVID-19 cases as well as severe flooding in the states of Queensland and New South Wales. Wage and price pressures will rise given the already tight labour market and the strains on global supply chains, before moderating in 2023.

Australia Economic Snapshot - OECD

www.oecd.org

We need to take these gdp figures with caution
These are Real gdp so

What Real Gross Domestic Product (Real GDP) Is, How to Calculate It, vs Nominal

Real gross domestic product (real GDP) is an inflation-adjusted measure of the value of all goods and services produced in an economy.

www.investopedia.com

Inflation should be taken into account
Obviously inflation used is the official one. So from this twisted always changed basket.
Now a 2% growth on top of an official 8% inflation means an economy going up 10% in $ amount on a year...
So 10% more tax $ revenues..we all agree?. Actually more due to bracket creepetc.. hum .lets see if the budget has 10% extra income..and not debt funded on a year.....
I reckon this is highly fudged data

 

[divs4ever]

I reckon this is highly fudged data

on that , i absolutely agree

and because of the constantly fudged data ( fudged in extra ways at whim )

i suspect unofficial corporate opinions and street level views are now the most accurate indicators ( but sadly don't give quantifiable data , that can be modeled reliably )

i would suggest we are flying whilst being deliberately blinded

( PS this was happening during the previous government as well )