Australia's growth prospects still looking downcast

Australia's growth prospects still looking downcast

Leading indicators for Australia's future growth are still signalling depressed activity in coming months as interest rate rises bite.

Australia’s growth prospects still looking downcast

Leading indicators for Australia's future growth are still signalling depressed activity in coming months as interest rate rises bite.

Australia's growth prospects still looking downcast

Australia’s growth outlook remains subdued as turmoil in the global banking system adds to the pressures already weighing on advanced economies. The Westpac-Melbourne Institute leading index, which indicates the likely pace of economic activity relative to trend over the next three to nine months, recorded a modest gain to -0.94 per cent in February from -1.04 per cent in January. Despite the uptick, the growth rate has been in negative territor…

Australia's growth prospects still looking downcast

Leading indicators for Australia's future growth are still signalling depressed activity in coming months as interest rate rises bite.

Australia's growth prospects still looking downcast

Leading indicators for Australia's future growth are still signalling depressed activity in coming months as interest rate rises bite.