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Australian economy will stay resilient, but subdued commodities prices are starting to challenge some sectors of the economy and some states
Moody's Investors Service says that credit fundamentals in Australia (Aaa stable) remain robust, with moderate gearing in the corporate sector, a resilient banking sector, and sound macroeconomic trends all providing support. However, subdued commodities prices are beginning to challenge some sectors of the economy and some states. Moreover, risks related to elevated property prices and Australia's dependence on external financing remain. "Australia's key economic metrics—including GDP growth and unemployment—will continue to outperform most developed economy peers," says Marie Diron, a Moody's Senior Vice ... (full story)