Australia GDP 3% in 2017 but slower 2018 expected: Westpac

19 April 2017

 

2017 is shaping up as a year in which Australian GDP growth is likely to be around 3.0% if the Westpac-Melbourne Institute’s Leading Index maintains its record of being a reliable indicator. According to Westpac, the Leading Index indicates the likely pace of economic activity relative to trend three to nine months into the future. This latest April reading rose to 1.17% from its March reading of 1.14%, which for...

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