- Australia’s major trading partners are growing faster than the rest-of-the-world.
- Australian growth slowed a bit during 2005 but is still strong.
- Business investment has usurped dwelling investment as the driver of the sustained boom in the Aussie economy.
- Unemployment rates close to record lows, labour force participation growing strongly.
- Current account deficit of 6% of GDP but reducing. The trade balance improving.
- Underlying inflation low at 2.5%.
Its a very positive outlook.