Australia: Expect annual real GDP growth to be 2.5% in Dec 2018 - Westpac

Analysts at Westpac expect Australia’s annual real GDP growth to be 2.5% in December 2018 and in December 2019, a little below trend, judged to be 2.75%.

Key Quotes

“This contrasts to the RBA’s expectation for growth to accelerate to be 3.25% in both years. A solid ongoing boost to growth will come from non-residential construction, government spending and exports. However, we are less upbeat on the consumer, housing and equipment investment, with wages growth remaining relatively weak and household debt elevated.”