Westpac Economics Weekly Update

Elliot Clarke

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.


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