Australia & New Zealand Economics

Australia & New Zealand Economic Outlook

12 April, 2017

Australia won’t benefit much from global recovery

The latest data suggest that we are right to be more downbeat than most on the outlook for Australia this year but more upbeat than most on the prospects for New Zealand. While both economies will benefit to some degree from the recent improvement in activity overseas, Australia is more exposed to the easing in China that still looks likely and a further drop back in commodity prices. A slowdown in consumption growth and a stagnation in dwellings investment will contribute to GDP growth in Australia

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