Analysts at ANZ are expecting Australian GDP to grow by around 2.5% through 2019 and 2020, matching the average since 2013, lower than previously anticipated and reflecting a more cautious outlook for wages, household spending and non-mining investment. Key Quotes “There is some offset from more expansionary fiscal policy, and we expect net exports to contribute – not just because of a continued lift in LNG volumes.” “Downside risks seem easy to identify, not least the uncertain impact of the slide in house prices on the outlook for household spending and residential construction.” “On the upside, while we have built some further fiscal slippage into our forecasts it could be larger. We’ll find out the fiscal starting point for the election campaign in the Budget on 2 April.” “We have the RBA on hold in 2019-20, consistent with the expectation that the unemployment rate ends 2020 a little lower than currently.” 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 UK: A week full of drama – Westpac FX Street 4 years Analysts at ANZ are expecting Australian GDP to grow by around 2.5% through 2019 and 2020, matching the average since 2013, lower than previously anticipated and reflecting a more cautious outlook for wages, household spending and non-mining investment. Key Quotes "There is some offset from more expansionary fiscal policy, and we expect net exports to contribute - not just because of a continued lift in LNG volumes." "Downside risks seem easy to identify, not least the uncertain impact of the slide in house prices on the outlook for household spending and residential… 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.
