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Australia: Economic growth to sustain at a steady rate - NAB

Analysts at NAB explain that they are quietly confident that improving prospects for infrastructure construction and non-mining business investment will help sustain Australia’s economic growth at a steady (but moderate) rate, despite some obstacles ahead.

Key Quotes

“Real GDP growth is forecast to strengthen in coming quarters to 3.2% y/y by Mar-18, ease to 2.4% by Dec-18 before picking up slightly to 2.6% by end-19. Our inflation forecasts have been revised down slightly to reflect new weights from the ABS, with core inflation expected to hit the bottom of the RBA target band by end-18. The RBA remains comfortably on hold, with few hints of a move in either direction. We still expect two 25bp hikes in H2 2018, subject to more progress being made on reducing unemployment and/or underemployment, and wages growth showing some (at least tentative) signs of picking up.”

Australia: Focus on confidence and the labour market - Westpac

In view of Elliot Clarke, Research Analyst at Westpac, the past week has had a focus on confidence and the labour market for Australia. Key Quotes “
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AUD to stabilize near 0.76 levels - Westpac

Rather unexpectedly, the sharpest move in AUD/USD this week was in response to the sub-consensus wages data, according to Sean Callow, Research Analys
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