Broker of the Week Oanda - Read Full Review

Free Top Brokers Comparison Service

HELP ME CHOOSE START QUIZ

Australian economy to recover further in 2021 as pandemic subsides – Reuters poll

[ad_1]

The Australian economic recovery will gain traction in 2021 amid better handling of the coronavirus pandemic and policy support measures, the latest Reuters poll of 34 economists showed Friday.

Key findings

“Economists forecast Australia’s A$2 trillion ($1.55 trillion) of the gross domestic product would expand 3.5% this year – the fastest since polling began for the year in April 2019, although slower than the government’s growth projection of 4.5% – after contracting 3.0% last year.”

“Although the country’s jobless rate declined to 6.8% in November from a July peak of 7.5%, it remained above pre-COVID-19 levels of around 5%. Some economists forecast it will hold above 6% this year.”                               

“The poll forecasts consumer prices would rise 1.5% this year and 1.7% next, still below the RBA’s comfort zone of 2 to 3%.”

[ad_2]

Source link

We will be happy to hear your thoughts

Leave a reply

Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose.

Advertiser Disclosure: Brokerspilot.com helps investors across the globe by spending over hours each month testing and researching online brokers.

How do we make money? Our partners compensate us through paid advertising.

While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site.

Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer: It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective.

While Brokerspilot.com has some data verified by industry participants, it can vary from time to time.

Operating as an online business, this site may be compensated through third-party advertisers.

Our receipt of such compensation shall not be construed as an endorsement or recommendation by Brokerspilot.com, nor shall it bias our reviews, analysis, and opinions.

en_USEnglish
Best Forex Brokers Reviews
Logo
Reset Password
Compare items
  • Total (0)
Compare
0