Original article by Jacob Greber
The Australian Financial Review – Page: 2 : 14-Mar-18
The OECD has upgraded its economic growth forecast for Australia by 0.2 per cent in 2018, to three per cent, citing factors such as strong growth in jobs and an upturn in non-mining and infrastructure investment. The OECD also expects the Australian economy to expand by three per cent in 2019, which is 0.3 per cent higher than its previous forecast in December. Meanwhile, the OECD expects the global economy to expand by 3.9 per cent, while it forecasts growth in US GDP of 1.5-1.75 per cent in 2018 and 2019 due to the Trump administration’s tax reforms.
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF THE TREASURY, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB