In Australia, economic growth in the September 2019 quarter remained weak with annual growth at 1.7% in the Autumn 2020 economic outlook.
Slow economic growth is a global theme, with few exceptions. The Australian economy is not immune to this slowdown.
The outlook is one of reducing headwinds and a stronger pace of economic growth over 2017. The drag from the decline in mining investment is diminishing, higher commodity prices should feed into rising levels of national income and increased trade, a continued strong pipeline of… Read More >>
Australia’s transition from mining to a service driven economy continues The Australian economy is showing signs of responding to commodity price weakness by rebalancing from mining to the services sector and to activities that are driven by domestic demand. The commodity price appreciation over the… Read More >>
Australian companies reported their half-year financial results during the quarter, exceeding expectations despite global economic headwinds. Companies leveraged to housing and the consumer market fared best, reinforcing the moderating concerns associated with the property market and the view that share market weakness can be mainly… Read More >>