Outlook for Australia in 2020: slow GDP growth, slow wage growth, no lower jobless rate

Author: Eamonn Sheridan | Category: News

A snippet from CBA economists outlook for Australia this year:

  • GDP expected +2.5% in 2020
  • little change to the slow pace of wages growth
  • also little change expected for the unemployment rate
2.5% GDP growth remains under trend and makes inroads in u/e difficult. 

CBA cite global risks to this outlook:
  • Brexit 
  • China slow down
  • Potential for a US recession
CBA says the RBA still has policy tools available if needed.

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