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Below-potential GDP in Australia for 2016 - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Andrew Ticehurst, Global Markets Rates Strategist at Nomura, anticipates modestly below-consensus and below-potential GDP in Australia for 2016.

    Key Quotes

    Mining is still detracting from growth

    Consumer spending growth only moderate

    Dwelling construction will contribute less

    Fiscal policy modestly contractionary

    AUD not yet clearly stimulator
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