However, the financial market turmoil has made an analysis of financial market indicators even more important – while at the same time making interpretation much more difficult – an aspect I would like to illustrate in the following section.
And growth in global demand for things Australia produces has, over the past year or two, been generally as strong as at any time in the past few decades. Graph 3  Click to view larger If demand growth is so strong, why hasn’t the economy grown faster? Have we hit capacity limits?