Guardian
•Business
Business & Economics
The good news? Household living standards are on the rise. The bad news? Just about everything else | Greg Jericho
82% Informative
In the March quarter of this year , GDP growth was just 0.2% , down from 0.6% in the December quarter .
The Reserve Bank’s interest rate rises did their job they snuffed out spending.
Households were the biggest contributor to growth although as in all things the context is key.
So far this year the RBA has kept misreading the economic situation and erred on the side of caution. Let us hope these weak figures spur it to cut rates when it meets next month and not suggest it still needs more time to see what is going on. - Greg Jericho is a Guardian columnist and policy director at the Centre for Future Work .
VR Score
87
Informative language
88
Neutral language
32
Article tone
informal
Language
English
Language complexity
34
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
17
Source diversity
4
Affiliate links
no affiliate links