This week highlighted the risks to the Australian economy emanating from weak investment; soft business confidence; and flat real wages growth. Also, on developments in China, the Westpac-MNI China Consumer Sentiment survey showed how weak exports continue to impact employment conditions, in turn putting at risk momentum in consumption. In the minds of Chinese consumers, housing remains an very uncertain prospect. Next week, the focus for Australia is GDP and the RBA.
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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