- Australia non-mining investment near zero
- Sees sub-trend growth in Australia in 2014
- Outlook for Australian business is subdued
- High costs, high FX rate hurting Australian competitiveness
- Full effects of lower AUD unlikely to be felt before 2015
- Remain cautious on Australia heading into next year
- Positioned for a weaker AUD
- See iron ore supply gains weighing on Australian terms of trade
- See capital inflows in Australia moderating
- Foreign buying of Australian bonds has been less aggressive
Full text of PIMCO report: Australia Inc.
