Just having a plough through the Reserve Bank's chart pack.
The case for an Australian recession is centred around two concepts:
(1) a material slowdown in China, and (2) the below chart, which suggests that mining construction has now passed its peak and could easily tumble by a quarter in rapid time.
Listening to the RBA Governor Glenn Stevens speak this week, though, he remains upbeat about Australia's prospects.
The case is steadily building that low interest rates are now generating enough traction.
The evidence is mounting up:
This all points to a pretty good GDP result for the first quarter of the year.
And all the while, Australia is ramping up its mining exports at a tremendous pace.
The reliance on China as our export destination and the terms of trade continuing to support export values continues to increase.