Australia Economic Outlook 2024. For australia, consumer price increases are projected to slide from 6.6% in 2022 to 5.3% this year and 3.2% in 2024. This reflects the ongoing effects of tighter monetary policy on demand in advanced economies, as well as a soft outlook for the chinese economy (see chapter 1:
Domestic activity is forecast to pick up a little from late 2024. Household consumption is forecast to grow.
Inflation Is Forecast To Decline To Around 3¼ Per Cent By The End Of 2024, And To Be Within The Target Range At 2¾ Per Cent By The End Of 2025.
2024 projected real gdp (% change) :
Domestic Activity Is Forecast To Pick Up A Little From Late 2024.
Economic growth is expected to slow this year.
That Compares With The Rba’s Latest.
Images References :
As 2023 Draws To A Close The Debate In Global Markets Remains.
Instead, australia’s business sector should also be looking to 2024 as a year which provides growth opportunities.
Gdp Growth Is Expected To Slow To Around 1¼ Per Cent Over 2023, With Gdp Per Capita Declining Over The Year (Graph 5.4).
That compares with the rba’s latest.
This Reflects The Ongoing Effects Of Tighter Monetary Policy On Demand In Advanced Economies, As Well As A Soft Outlook For The Chinese Economy (See Chapter 1: