Five things you need to know about the Australian economy
Five things you need to know about the Australian economy Key points The Australian economy grew solidly over the last year. While recession remains very unlikely, the combination of a slowing housing cycle, constraints on consumer spending and still subdued business investment will likely see growth slow going forward to around 2.5-3%. As a result, spare capacity is likely to remain significant, keeping wages growth and inflation low. We don’t expect the …
