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.

by | Apr 15, 2019

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

Share This