Australia is set to slip into recession in 2020 while the Aussie dollar will find find support in fading USD strength, according to analysts at Standard Chartered Bank. Key quotes “We lower our growth forecast for Australia to 0.2% in 2020 (from 2.2% prior) following the more widespread coronavirus outbreak than earlier anticipated. We see negative quarterly GDP growth in Q1, Q2 and Q3, before a mild recovery in Q4.” “We forecast average inflation at 1.8% in 2020 (from 2.1%) and 1.1% in 2021 (from 2.3%).” “We expect the AUD to find support in fading USD strength as the Fed and global central banks step in with greater determination to push real yields lower and address other liquidity stresses.” 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 Breaking: EUR/USD collapses below 1.07 on fresh dollar strength FX Street 2 years Australia is set to slip into recession in 2020 while the Aussie dollar will find find support in fading USD strength, according to analysts at Standard Chartered Bank. Key quotes “We lower our growth forecast for Australia to 0.2% in 2020 (from 2.2% prior) following the more widespread coronavirus outbreak than earlier anticipated. We see negative quarterly GDP growth in Q1, Q2 and Q3, before a mild recovery in Q4.” “We forecast average inflation at 1.8% in 2020 (from 2.1%) and 1.1% in 2021 (from 2.3%).” “We expect the AUD to find support in fading USD strength as the Fed… 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.
