The economic growth depends on keeping the coronavirus situation under control, the Reserve Bank of Australia (RBA) Governor Phillip Lowe said at a webinar hosted by the Committee for Economic Development of Australia.
Lower population growth will lead to slower nominal GDP growth.
Lot of stimulus in the system and in housing market.
High savings rate means people have means to spend.
Incredibly unlikely for inflation to become a problem in medium term.
Possible house prices could rise a lot, but unlikely because of slower population growth.
Macro prudential instruments effective in controlling debt.
Chinese economy growing quite strongly, to Australia’s advantage.
Certainly, issues with Australian-China trade, hope they work out well.
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.