Analysts at Westpac continue to anticipate that Australia’s GDP growth will slow from its current 3.1%yr at March to 2.7% for 2018 as a whole, then to 2.5% in 2019.
Key Quotes
“Central to this expectation is a belief that household spending will remain sub-par, with consumption growth set to fall from 2.9%yr to 2.5%, and the level of housing investment to decline.”
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