Australia: GDP growth likely to slow to 2.7% for 2018 - Westpac

Sandeep Kanihama FXStreet Contributor

Analysts at Westpac continue to anticipate that Australia’s GDP growth will slow from its current 3.1%yr at March to 2.7% for 2018 as a whole, then to 2.5% in 2019.

Key Quotes

“Central to this expectation is a belief that household spending will remain sub-par, with consumption growth set to fall from 2.9%yr to 2.5%, and the level of housing investment to decline.”

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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