Australia & New Zealand Economics

Australia & New Zealand Economics Update

12 February, 2019

Weak business sentiment another drag on investment

The relatively small bounce-back in business conditions in January suggests that the collapse in December was more than a blip. The recent deterioration in sentiment is likely to mean that business investment did not recover in Q4 of 2018 and may remain weak throughout 2019. That’s another reason why we expect GDP growth to slow to 2% and the RBA to cut interest rates this year.

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