I always like a good crystal ball and this is an interesting summary that is worth sharing looking at the economic growth issues in 2018.
The article predicts a solid growth rate of 2.9% so this should be good news for most Australian businesses.
What is the outlook for the Australian economy for 2018 when consumer confidence is up but household budgets are under pressure?
“Boring” with a side serving of moderate growth finished off with an interest rate rise or two. That’s the outlook for the Australian economy for 2018 as experts weigh up how yo-yoing consumer confidence, a tighter jobs market and falling house prices will impact the year ahead.
Alan Oster, chief economist for National Australia Bank, predicts GDP growth will be about 2.9 per cent in 2018.
Source: In the Black 25.1.2018