RBA outlook: economy stronger than forecast

06 May 2016

 

The RBA has reversed course with regards to it GDP forecasts in the latest quarterly Statement on Monetary Policy. It looks as if stronger-than-expected December quarter GDP figures (which were released in March) has led the RBA to increase its forecasts for GDP growth rate for the year to June 2016. Its forecast range has been increased by 0.5%, as has the comparable 2018 figure, although June 2017 remains unchanged....

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