Macro - Country Economic Forecasts - Australia

Macro - Country Economic Forecasts - Australia



Australian GDP growth was consistent with our expectations in Q4 at 0.2% q/q. Accordingly, we've kept our outlook for 2024 growth unchanged at 1.3%. We judge the end of last year as a likely cyclical low point for the economy, with activity struggling against tight policy settings and brisk inflation. We expect some improvement this year, buoyed by rising real wages and policy relief in H2, but think growth will still be modest.


Australia: Growth to stay modest after near standstill in L4
Forecast overview
Recent developments
Short-term Growth outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk Evaluation
risk warnings
What to watch out for
Exposure to Key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Politics

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