From rba.gov.au The Australian financial system is step by step popping out of a mushy patch. GDP development has been recovering since
The Australian financial system is step by step popping out of a mushy patch. GDP development has been recovering since its low level final 12 months; it picked up a little bit within the first half of 2019 and reasonable development is predicted over the rest of the 12 months. Progress is predicted to succeed in 2¾ per cent over 2020 and round three per cent by the top of 2021. This outlook is essentially unchanged from three months in the past, and is supported by the low degree of rates of interest, latest tax cuts, ongoing spending on infrastructure, the upswing in housing costs in some markets and a brighter outlook for the assets sector. The labour market has been resilient … (full story)