Australian economic growth to be slowed by headwinds - Reuters poll

According to the latest Reuters poll published on Monday, economists are seen slashing the projections for 2018 Australian GDP growth amid disappointing fundamentals.

Key Findings:

“Economists polled by Reuters forecast Australia’s A$1.87 trillion ($1.34 trillion) of annual gross domestic product (GDP) expanded by 3.0 percent in 2018, down from 3.2 percent in an October poll.

The economy is then seen running around 2.7 percent through 2019 and 2020, further extending the country’s 26-year stretch without a recession.

That was a slight mark-down from 2.8 percent in the previous poll, but would be a decent outcome given the headwinds gathering at home and abroad.

The latest poll showed analysts expected the headline measure of consumer price inflation to run at 2.1 percent for this year, rising marginally to 2.3 percent in 2020.”