Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 10 : 23-Jul-15

The Australian economy’s trend growth rate has traditionally been regarded as being within the range of three to 3.25 per cent. However, GDP growth has been below the trend rate for 11 consecutive quarters, and it has been above the trend rate just three times during the last 27 quarters. Reserve Bank governor Glenn Stevens has suggested that the lower economic growth of recent years may in fact represent the nation’s new trend growth rate. This would have significant implications for government revenue, unemployment and the cost of living.

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