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Country Economic Forecasts - Australia

Publisher Oxford Economics
Published Feb 15, 2022
Length 13 Pages
SKU # OFE16979700

Description

Country Economic Forecasts - Australia

The recent run of data has surprised to the upside, suggesting that the Australian economy ended 2021 on a stronger footing than we had anticipated. Moreover, Covid cases peaked in mid-January, meaning the impact from the Omicron wave will be milder than was assumed a month ago. Earlier and faster inflation poses a slight risk to growth, but the RBA have signalled they will wait for faster wage growth to be entrenched before tightening policy. Based on stronger labour market data, we have upgraded our estimate for Q4 2021 growth and now expect the economy expanded by 4.3% in 2021. The outlook for 2022 has also brightened, and we have upgraded our GDP growth forecast to 3.8%.

Table of Contents

13 Pages
Australia: The following represents a general Table of Contents outline for the Country Economic Forecast.
The actual report may cover any or all of the topics listed below.
Highlights and Key Issues
four/five paragraphs of analysis covering the main economic and political issues contained in the subsequent Economic Overview
Forecast Table showing % changes for the country
with 2 years of historical data and 4 years of forecast data for the following:
Domestic demand
Private consumption
Fixed investment
Stockbuilding (% of GDP)
Government consumption
Exports of goods and services
Imports of goods and services
Unemployment
Consumer prices
Current account balance (US$ and % of GDP)
Government budget (% of GDP)
Short-term interest rates (%)
Long-term interest rates (%)
Exchange rate (vs. US dollar)
Exchange rate (vs. euro)
Economic Overview
two pages of events-driven analysis highlighting the most recent economic activity and, where relevant, political developments of the country, detailing significant changes to Oxford Economics' forecasts
Charts and Tables
covering a full range of economic developments relevant to the time period covered.
These could include such topics as:
Contributions to GDP growth
Monthly industrial output
Business and consumer confidence
Unemployment rate
Retail sales
Prices and earnings
Consumption and investment
Government balance and debt
GDP and industrial production
Monetary policy and bond yields
Background Information on the country
One or two pages of text covering the main historical political and economic factors that determine the country's current position
Key Facts on the country
Map of the country
Key political facts
Long-term economic and social development
changes since 1980
Structure of GDP by output
latest year
Long-term sovereign credit ratings and outlook
Corruption perceptions index- latest year
Structural economic indicators
changes since 1990
Destination of goods' exports -prior years
latest year
Composition of goods & services exports
latest year ​

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