Australia: Back up and running – SocGen

Sandeep Kanihama FXStreet Contributor

Klaus Baader, Research Analyst at Societe Generale, explains that the Australian economy did indeed bounce back solidly late last year, after a one-quarter contraction but the rebound was only partial, and there is more to come.

Key Quotes

“More broadly, the resource-investment slump is now largely complete, residential investment is likely to continue growing for at least another year, and non-resource, non-residential investment is picking up. Exports, too, look set to expand strongly as resource projects come on stream. Hence, we expect GDP growth to run at an above-potential rate for the next couple of years.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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