The Australian economy performed solidly over the past year, with 1Q GDP confirming above trend real GDP growth of 3.1%, notes the analysis team at Westpac. Key Quotes “The global backdrop was more supportive, so too commodity prices. However, areas of weakness remain, around the consumer and housing, as well as a further slowing in China.” “RBA expects growth to be above 3% by the end of 2018, we are more circumspect.” “Although, while wages growth remains low and substantial slack remains in the labour market, we characterise this likely progress as glacial rather than gradual. Thus we remain comfortable with our RBA on hold call for 2018 and 2019.” “The AUD is at 13 month lows and is vulnerable to further escalation in US/China trade spat.” 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 Russia’s Deputy Oil Min: Russia maintains its position on OPEC+ output boost FX Street 3 years The Australian economy performed solidly over the past year, with 1Q GDP confirming above trend real GDP growth of 3.1%, notes the analysis team at Westpac. Key Quotes "The global backdrop was more supportive, so too commodity prices. However, areas of weakness remain, around the consumer and housing, as well as a further slowing in China." "RBA expects growth to be above 3% by the end of 2018, we are more circumspect." "Although, while wages growth remains low and substantial slack remains in the labour market, we characterise this likely progress as glacial rather than gradual. Thus we remain comfortable… Top 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.
