-
The Forward View - Australia: August 2019
podcast We have not materially changed our forecasts this month, with the exception of a near-term tuning of our Q2 GDP forecasts based on weaker than expected consumption partials and a stronger than expected trade balance. At this point we expect Q2 GDP to rise by between 0.4-0.5% which will see the year ended rate fall to around 1½% – a relatively weak outcome. Beyond that, our forecasts remain unchanged, with year-average growth of 2¼% in each of the next two years. The key dynamics continue to be a weak household sector, with only modest growth in consumption and declining dwelling investment offset by ... (full story)