Skip to main content

Australian economy is not ‘back on track’

Australia’s economy may be past the worst but we still expect GDP growth to fall short of potential over the coming year. That means that unemployment will probably rise further, putting downward pressure on wage growth. And with the government still reluctant to provide major fiscal stimulus, we believe that the RBA will have to ease monetary policy more aggressively than most anticipate.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.