- The RBA expects Australian economic growth to accelerate to above 3% over the next two years
- Westpac doesnt share that view, forecasting that it will stand at 2.5% over both years thanks largely to weakness in consumer spending
- Australias Q4 2017 GDP report will be released in early March
Australian economic growth looks set to remain sluggish over the next two years, disappointing the likes of the Reserve Bank of Australia (RBA) and other more optimistic forecasters who think growth will accelerate to over 3%.
Thats the view of Westpacs Australian economics team who have put together this nifty chart to show parts of the economy will drive and detract from GDP growth this year …
Read the full article at: https://www.businessinsider.com.au/australia-economic-growth-outlook-westpac-2018-2
