Australia & New Zealand Economics

Australia & New Zealand Economics Focus

22 January, 2019

This time won’t be different

We believe that the downturn in Australia’s housing market will become by far the deepest and longest on record. By curbing dwellings investment, consumption and bank lending, we think it will result in GDP growth slowing from close to 3% last year to 2% this year and next. We expect unemployment to rise and the RBA to lower policy rates by the end of the year.

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