Quotes from Capital Economics:
- Australia's economy picked up less than expected in Q4, by a seasonally-adjusted 0.5% q/q, up from 0.4% in the previous quarter. In annual terms, the economy expanded by 2.5%.
- Worse is likely to be ahead, given that the effects of a significant deterioration in the country's terms of trade are only just beginning to be felt.
- We expect growth to slow from 2.7% in 2014 to just 1.8% this year.
Commentary
Australia’s growth to slow to just 1.8% this year: Capital Economics
Quotes from Capital Economics:- Australia's economy picked up less than expected in Q4, by a seasonally-adjusted 0.5% q/q, up from 0.4% in the previous quarter. In annual terms, the economy expanded by 2.5%. - Worse is l…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
