$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 https://au.linkedin.com/in /jackselam
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$102 Billion Foregone GDP in Australia [2008 2015]
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$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