The Australian Bureau of Statistics (ABS) published the Australian System of National Accounts data on 25 October 2019, posting-
- Economic Growth of 1.9% in 2018-19 compared to 2.9% in 2017-18.
- Mining, Financial & Insurance Services, Construction and Health Care & Social Assistance, were the largest sectors constituting over 30% of the economy. Particularly, mining industry continued to expand.
- Household net-worth was at $ 10.5 trillion from $ 47.7 billion, marking the smallest increase in a decade.
- Broad-based fall of 0.2% in labour productivity in 2018-19 (the first since 2010-11).
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
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