Recently Released Market Study: Australia Business Forecast Report Q3 2012
Core Views We maintain our bearish view on the Australian economy despite improved economic growth numbers in Q211. Headline real GDP for the quarter increased by a seasonally adjusted 1.2% quarter-onquarter (q-o-q), reversing the 0.9% decline in Q111. With consumer confidence and overseas demand for Australian resources set to weaken owing to slowing global trade conditions, we believe any booster from post-flood reconstruction will only be temporary. With these factors in mind, we project growth to come in at only...
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