Global growth is gradually moderating but remains solid, while the growth in China is expected to soften gradually but remain robust, suggests the research team at ANZ.
Key Quotes
“In Australia, growth remains strong, but weakness in the housing market presents potential downside risk. The US economic expansion continues apace, supporting further gradual policy normalisation by the Federal Reserve.”
“So far, the global economy has been fairly resilient in the face of tightening global liquidity and trade tensions that have become entrenched. Nonetheless, the outlook is a little softer around the edges and risks remain that could have flow on effects to New Zealand.”
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