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Why the world's most sustainable growth story begins to waver Bloomberg
Investors are abandoning the story of the most sustainable economic growth in the developed world. Australia has not recorded two consecutive quarters of economic contraction since the first half of 1991, meaning that it has only one month left to break the Dutch record and 28 years of continued expansion. With falling house prices, record household debt and the escalating trade war between China and the United States, bond and currency traders are betting that this trend is now under threat. The last cash rate of the Reserve Bank of Australia was as low as the rate of funds of the Federal Reserve …
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