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Analysis by Region - Asia Pacific - Australia

Publisher Oxford Economics
Published Aug 11, 2022
Length 9 Pages
SKU # OFE17340792

Description

Analysis by Region - Asia Pacific - Australia

Our outlook for GDP growth in 2022 is unchanged at 3.8%, but we have slightly lowered our 2023 forecast by 0.1ppt to 2.4%. Data released over the past month were mixed, with the first signs of the mounting headwinds facing households emerging. Retail sales growth has slowed steadily over 2022, with volume growth in Q2 largely attributable to government voucher schemes. While inflation was not as fast as expected in Q2, the RBA remains focussed on withdrawing policy support as quickly as possible.

Table of Contents

9 Pages
Australia: Signs of slowing growth won't change RBA's course
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

Pricing

Currency Rates
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