AMP Oliver’s Insights – Australian economy in 2019
AMP’s Dr Shane Oliver discusses the outlook for the Australian economy in this edition of Oliver’s Insights.
Dr Oliver summarises the key points as follows:
Australian growth has slowed again. The housing cycle downturn and its impact on the economy will likely see growth constrained to around 2.5-3%.
- As a result, spare capacity is likely to remain significant, keeping wages growth and inflation low.
The RBA is likely to cut rates in 2019 and the housing downturn will likely see Australian shares continue to underperform global shares.
You can access a copy of this edition of Oliver’s Insights here: