Australia Consumer & Retail Q4 2018
Australia's consumer outlook will remain muted in 2018, stemming from muted economic growth due to the weakeningof the mining sector, an elevated housing market and softer external demand from China. Consumers in Australia will be weigheddown by high household debt, a low savings rate and continuing weak wage growth. However, market sentiment is improving, withretail sales picking up in line with rising consumer confidence.
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