Published 1 year ago

Australia's growth prospects still looking downcast

Summary by Ground News

The Westpac-Melbourne Institute leading index recorded a modest gain to -0.94 per cent in February. The growth rate has been in negative territory for seven months in a row, which points to below-trend growth in the coming months. Westpac chief economist Bill Evans said the slowdown reflects the lagged effect of the sharp rise in interest rates.

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The West Australian

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.

1 year ago

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PerthNow

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.

1 year ago·Perth, Australia

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Business News

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.

1 year ago

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Canberra Daily

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…

1 year ago

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