Australia: GDP growth to slow sharply in 2023 but remain positive – ANZ Australia GDP RBA Banks
“We have downgraded our Australian GDP forecast to 1.5% YoY by end-2023 but expect Australia willavoid recession this cycle.
“An extended period of restrictive rates will be required to bring inflation back to target, notwithstanding the slower growth trajectory. We see the cash rate peaking at 3.85% by May 2023 with no cuts until late-2024.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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