- Joined
- Feb 17, 2009
- Messages
- 13,736
- Points
- 113
"Challenges from the exit of the resources boom will carry over into 2016 and new ones will likely emerge," Mr Joiner said.
"Nonetheless, we anticipate that the non-resources economy bottomed out in 2015 and will improve in 2016."
The bank expects GDP growth in Australia to pick up from 2.5 per cent in 2015 to 2.8 per cent next year.
Household spending would edge higher, lifted by better employment growth but restrained by low wage growth.
he US Federal Reserve should start lifting interest rates next week, while emerging market rates remain high to battle inflation from declining currencies. Meanwhile, the European Central Bank and Bank of Japan will stick with their stimulus programs.
Read more: http://www.smh.com.au/business/mark...s-for-2016-20151209-gljvog.html#ixzz3tv6IfYaG
"Nonetheless, we anticipate that the non-resources economy bottomed out in 2015 and will improve in 2016."
The bank expects GDP growth in Australia to pick up from 2.5 per cent in 2015 to 2.8 per cent next year.
Household spending would edge higher, lifted by better employment growth but restrained by low wage growth.
he US Federal Reserve should start lifting interest rates next week, while emerging market rates remain high to battle inflation from declining currencies. Meanwhile, the European Central Bank and Bank of Japan will stick with their stimulus programs.
Read more: http://www.smh.com.au/business/mark...s-for-2016-20151209-gljvog.html#ixzz3tv6IfYaG
