RBA’s Debelle: Much of Australian construction downturn is still be expected – Bloomberg

Much of the  downturn  in  Australia’s construction  sector is still to be expected and the dwelling investments are expected to fall by 7% over the next year, the Reserve Bank of Australia’s (RBA) Deputy Governor Guy Debelle said on Thursday, according to Bloomberg.

The ratings agency Moody’s expects revenue growth for Australian companies to slow to 3%  over the next 12-18 months.