Australia & New Zealand Economics

Australia & New Zealand Economics Weekly

11 January, 2019

Oil, housing and the labour market

While the recent falls in oil prices may boost consumer spending, they render investment in new LNG projects less attractive and may therefore restrain mining investment. Meanwhile, the slump in building approvals will restrain dwellings investment. But as the outlook for the labour market remains healthy, we doubt the RBA will respond to the housing downturn by cutting interest rates.

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