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Australia’s Westpac Leading Index signals below-trend growth, RBA expected to hike rates in May

Australia’s Westpac Leading Index signals below-trend growth, RBA expected to hike rates in May
Australia Westpac-Melbourne Institute Leading Index rose slightly from -0.79% to -0.75% in March, marking the eighth consecutive negative reading. This indicates below-trend growth throughout 2023. Westpac forecasts a modest 1% growth for Australia in 2023, while IMF recently revised its growth forecast for the country from 1.9% to 1.6%. RBA also predicts just 1.6% growth […] The post Australia’s Westpac Leading Index signals below-trend growth, RBA expected to hike rates in May appeared first o... Read More
Posted: Apr 19 2023, 03:53
Author Name: actionforex
Views: 110515

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