Rejoice! Some fabulous surprises in the latest economic news

Rejoice! Some fabulous surprises in the latest economic news

The run of recent news on the Australian economy is unambiguously good.

Not that there is much media coverage of it, but when one steps back and considers the economy's foundations, there are many reasons to have a favourable view of the changing structural underpinnings.

To be sure, the business cycle is still at play, with global conflicts presenting a particular short-term challenge, along with what appe