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Plans to double migration sound good in theory

The new NSW premier has received advice that Australia should double the pace of migration in the coming years to make up for lost population growth. That plan would help ease labour shortages, boost tax revenue and lift GDP growth. We already expect Australia to grow by more than the consensus anticipates next year, but if Australia is able to double the pace of migration growth, GDP would be even stronger than we expect.
Ben Udy Australia and New Zealand Economist
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Australia & New Zealand Economics Weekly

RBA will press on with another 50bp hike next month

The Reserve Bank of Australia has indicated that it will slow the pace of tightening over coming months as tighter policy is starting to weigh on activity. With growth softening rather than collapsing, we’re sticking to our forecast of another 50bp hike next month, but we now expect the Bank to revert to smaller 25bp hikes during the fourth quarter.  

5 August 2022

Australia & New Zealand Data Response

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4 August 2022

Australia & New Zealand Data Response

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The first rise in New Zealand's unemployment rate since mid-2020 suggests that the RBNZ's hiking cycle is nearing its end. Indeed, we expect the RBNZ to start cutting interest rates next year.

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RBNZ to continue hiking rates as restrictions ease

The RBNZ’s decision to begin its hiking cycle while Auckland is still in lockdown highlights that the New Zealand economy is on the brink of overheating. And as restrictions ease, we think the Bank will continue hiking rates in the months ahead.

6 October 2021

Australia & New Zealand Data Response

Australia International Trade (Aug. 2021)

The record trade surplus in August came despite the plunge in iron ore prices in August. The upshot is that net trade should provide a boost to GDP growth in Q3 as domestic demand weakens.

5 October 2021

Australia & New Zealand Data Response

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1 October 2021
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