Australia: GDP growth will pick up to around 3% later in 2017 - Rabobank
|Michael Every, Head of FMR at Rabobank, notes that in Australia, the copy-and-paste RBA February minutes concluded – as usual.
Key Quotes
“That GDP growth will pick up to around 3% later in 2017, and to remain above estimates of potential growth, with resources expected to make a large positive contribution, even if there was uncertainty over the labour market. In truth, however, the minutes could have been summarised by the one passage that “Members noted that developments in China continued to be one of the main sources of uncertainty for the Australian economy.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.