In the Press

1. Oil prices hit a new high and prompt G8 fears
   Oil prices have hit a new record of $US139.12 a barrel. The rise poses significant problems for major economies already hit by the fallout from the US sub-prime mortgage market and ensuing fears of a potential US recession.
   7 June 2008 Read More

1. Stronger than expected growth figures renew fears of further rate rises
   Contrary to expectations of a sharp slowdown in Australia’s economic activity, official growth figures for the first quarter have proven stronger than expected. Sound business investment and resilient consumer spending have prompted a 0.6 per cent increase in GDP for the first quarter of 2008 and a 4.4 per cent increase over the year.
   4 June 2008 Read More

1. Australia's CAD continues to widen
   Australia’s current account deficit widened further in the March 2008 quarter, moving upwards from 6.1 per cent of GDP in December 2007 to 6.4 per cent of GDP in March 2008.
   3 June 2008 Read More

Statistics – as at 12 June 2008

1. Budget forecasts for 2008-09 now available click here

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