RBA’s Heath: Upbeat on recent economic data
|Reserve Bank of Australia's (RBA) Alexandra Heath, Head of Economic Analysis, is on the wires now, via Reuters, making a scheduled speech on the outlook for the housing market.
Key Points:
Recent economic data positive.
Now more confident about a sustainable pick-up in non-mining business investment.
Says "paying close attention" to house prices given effect on household wealth.
Dwelling investment not likely to contribute much to growth over next couple of years.
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.