GS Australia chief economist expects a material pick-up in aggregate private demand
- Which will more than make up for a taptering off of public demand (ie government fiscal support)
More:
- recent turnaround in dwelling prices to help housing-related consumption growth rebound
- moderate lift in mining investment
RBA outlook from GS:
- to cut another 25sps (take the cash rate to 0.5%)
- market talk of QE will persist but its unlikely, at least next year
Info via Bloomberg, more here
