In order to grow by 3.1% in the year to the first quarter, the Australian economy returned to the old habit of relying on resources. This won’t be possible in the second quarter nor in the coming years when Australia’s resources exports will peak. And with the full effect of the weaker housing market yet to be felt, GDP growth will probably slow back to 2.5% before long.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services