“Strongest growth rate in sixty years”, leading index rises again

16 December 2020

 

Summary:  Leading index increases for fourth consecutive month; strongest growth rate in sixty years; reading implies annual GDP growth to rise to +7.00% in 2021; GDP forecasts raised since November SoMP.   Westpac and the Melbourne Institute describe their Leading Index as a composite measure which attempts to estimate the likely pace of Australian economic growth over the next three to six months. After reaching a peak in early 2018,...

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