Westpac Economics Weekly Video Update

The combination of robust business conditions; another positive consumer sentiment report; and the very strong November labour force release gave significant weight to the RBA 'on hold' view this week. Increasingly, there is cause to be confident that consumption and non-mining investment will firm in 2016, supporting aggregate trend growth. Next week, all eyes will be on the FOMC as we await the first rate hike in the US in almost a decade.


Elliot Clarke
Senior Economist
Westpac

An Economist based in Sydney Australia with a particular interest in macro-financial analysis of the Australian and global economy. Having spent a number of years with the Reserve Bank of Australia and Westpac Economics, monetary policy, the...

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