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Australian economy at risk of sharper global downturn

Australian economy at risk of sharper global downturn

Global economic growth forecasts have been revised down, with risks of a sharper downturn and Australia being left vulnerable, the Reserve Bank of Australia has said in its semi-annual Financial Stability Review.

  • Shared by Investor Daily
  • April 16, 2019
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The RBA said although domestic economic conditions remain broadly supportive of financial stability and the unemployment rate remaining at around 5 per cent since the last review, GDP growth had slowed and housing market conditions remained weak.

Read more at Investor Daily

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