Shane Oliver, AMP: The Australian economy is slowing as a result of the loss of contribution to growth from mining

Livewire
Shane Oliver, AMP: The Australian economy is slowing as a result of the loss of contribution to growth from mining. There has only been a marginal improvement in housing and consumer confidence as the RBA was slow in cutting interest rates. Despite the recent commentary foreshadowing a recession, the risk is relatively low and growth is likely to be in the range of 2.0-2.5%. The global economy will be supportive over the next year which will allow non-mining sectors to pick up. In particular, further declines in the Aussie dollar will boost tourism, manufacturing and education. (VIEW LINK)
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
1 topic

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise