Australia & New Zealand Economics

Australia & New Zealand Economics Update

9 January, 2019

Spending boost from lower petrol prices won’t last

The recent declines in petrol prices may boost consumer spending by around 0.6 percentage points in the first half of 2019. But we suspect that this impact won’t be enough to prevent consumption growth from slowing from 2.6% in 2018 to 2.0% this year.

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