RBA Chart Pack
A few interesting charts from the Reserve Bank's latest Chart Pack.
China's economy continues to slow, with the official data reporting that GDP growth is now 6.9 per cent.
India, on the other hand, is reasonable well placed well to benefit from lower oil prices, and is expected to grow by 7 to 7.5 per cent in this fiscal year.
Unemployment - advanced economies
I was over in Britain at Christmas time, and as I noted here it has been great to see the unemployment rate there continue to tumble to just 5.1 per cent, the lowest level since October 2005.
The economic recovery in the remainder of the Euro area by comparison has a long road ahead.
Unemployment in the US is also now just 5 per cent, the economy having added another 2.65 million jobs in 2015.
Last year the Reserve Bank found some more student liabilities to lob into the household debt bucket, and as a share of household disposable income debt is now at its highest ever level.
The chart below represents an interesting dichotomy, with the household interest payments burden at its lowest level in well over a decade.
Although lenders have tightened up mortgage rates and serviceability criteria for investors, competition for owner-occupier loans has remained fierce and possibly even intensified, with home loans reportedly available from only 4 per cent.
Plenty more interesting besides in the full Chart Pack here.