Greg Gibbs, Analyst at Amplifying Global FX Capital, suggests that despite losing momentum in the global economy, Australia’s growth has outperformed expectations this year. Key Quotes “GDP growth rose 3.4%year over year in 2Q, a high since 2012, and unemployment has fallen from around 5.5% to 5.0%.” “The government budget position for the 2017/18 fiscal year came in $19.3bn better than initially projected, narrowing the deficit from an estimate of 1.6% of GDP to 0.6%; providing capacity for both major parties to promise more fiscal spending ahead of the election next year.” “Vulnerabilities remain for the Australian economy, but there appears to be momentum supported by infrastructure investment at the state and federal level, which is forecast to remain at a high level over coming years. The big win by the Labor party in the Victorian state election was attributed in part to its spending on infrastructure projects and sends a message for the national election contenders.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY: Surge halted by the resistance – Commerzbank FX Street 4 years Greg Gibbs, Analyst at Amplifying Global FX Capital, suggests that despite losing momentum in the global economy, Australia's growth has outperformed expectations this year. Key Quotes "GDP growth rose 3.4%year over year in 2Q, a high since 2012, and unemployment has fallen from around 5.5% to 5.0%." "The government budget position for the 2017/18 fiscal year came in $19.3bn better than initially projected, narrowing the deficit from an estimate of 1.6% of GDP to 0.6%; providing capacity for both major parties to promise more fiscal spending ahead of the election next year." "Vulnerabilities remain for the Australian economy, but there… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
