The largest and most important part of the Australian economy is struggling under the weight of higher borrowing costs, adding to the risk the Reserve Bank of Australia (RBA) may be forced to start lowering policy rates sooner than other central banks, keeping the Australian dollar under pressure. Australian GDP up 0.2% in Q4, devil in the detail According to the national accounts released by the ABS, GDP grew 0.2% over the December quarter and 1.5% over the year, the latter bang in line with forecasts issues by the RBA in February. {chart} But it was the underlying detail that created the biggest talking points with ... (full story)