Goldman’s predictions for 2016

11 December 2015

 

Leading investment bank Goldman Sachs has forecast Australia’s GDP to come in at a relatively slow 2.0% for 2016 and that the RBA will keep cash rates pegged at 2.00%. The predictions come ahead of the next Tuesday’s release of the government’s Mid-Year Economic Forecast, or MYEFO. The bank said that the transition from mining boom to a more normal economy would run into headwinds throughout 2016 as weak demand...

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