Stuck in below-trend growth rut: Westpac-MI leading index back down in Jan

Summary: Leading index growth rate down in January; economy stuck in below-trend growth rut; reading implies annual GDP growth of around 2.5%; ACGB yields decline modestly; rate-cut expectations firm; set to remain subdued in near-term but growth pulse improved in last 12 months. Westpac and the Melbourne Institute describe their Leading Index as a composite measure which attempts to estimate the likely pace of Australian economic growth in the short-term....

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