12.7+Economic+Growth

Economic Growth

What about Economic Growth - friend or foe?

Do economists cheat (and therefore governments) when they talk about economic growth. They seem to count every item of spending (on new goods and services anyway) and they don't deduct the bad stuff.

What do I mean?

Take a look at this article

===[|Getting richer as we mess up our world] ===

News on the latest GDP figures

**DECEMBER KEY FIGURES**

|| ||
 * [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || **% change Sep qtr 11 to Dec qtr 11** || **% change Dec qtr 10 to Dec qtr 11** ||
 * GDP (Chain volume measure) || [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] ||
 * [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || Trend || 0.8 || 2.8 ||
 * [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || Seasonally adjusted || 0.4 || 2.3 ||
 * Final consumption expenditure (Chain volume measure) || [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] ||
 * [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || Trend || 0.6 || 2.9 ||
 * [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || Seasonally adjusted || 0.7 || 3.0 ||
 * Gross fixed capital formation (Chain volume measure) || [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] ||
 * [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || Trend || 1.9 || 8.9 ||
 * [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || Seasonally adjusted || -1.1 || 8.2 ||
 * GDP chain price index || [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] ||
 * [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || Original || -0.9 || 3.2 ||
 * Terms of trade || [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] ||
 * [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || Seasonally adjusted || -4.7 || 7.0 ||
 * Real net national disposable income || [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] ||
 * [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || Trend || 1.1 || 5.9 ||
 * [[image:http://abs.gov.au/icons/ecblank.gif width="1" height="1"]] || Seasonally adjusted || -0.9 || 4.9 ||

Here are some good articles about Australia's current rates of economic growth. I think it would be a good idea to read them. ===[|Why the economy isn't splitting in two] ===

[|Economy slows though consumers spend]

= Our facts have changed =