Original article by Geoff Winestock
The Australian Financial Review – Page: 3 : 21-Sep-17
The OECD has upgraded its forecast for global economic growth in 2018 by 0.1 per cent, to 3.7 per cent. However, Australia’s economic growth outlook remains unchanged, although the OECD noted the nation’s high housing prices. The Reserve Bank’s assistant governor, Luci Ellis, is also upbeat about the global economic outlook, noting that global growth should continue for some time in the absence of any major risk factors. Meanwhile, the ANZ Bank anticipates two increases in the cash rate during 2018.
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, RESERVE BANK OF AUSTRALIA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIAN BUSINESS ECONOMISTS INCORPORATED