3% growth through 2017: Westpac

22 February 2017

 

More than a few respected economists are forecasting further rate cuts by the RBA in 2017. Employment growth is patchy and inflation is low. However, according to the Westpac-Melbourne Institute’s Leading Indicator index, economic growth is expected to remain above trend for the next three to nine months. Although the index fell from 1.36% in December to 1.30% in January, any reading above zero indicates above-trend growth. Given the index...

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