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.