New Market Research Report: Australia Business Forecast Report Q2 2014
The Australian economy continues to struggle to stay above water, as domestic demand continues to show signs of weakening. We maintain our downbeat outlook for the economy and the currency, projecting GDP growth to come in at 2.0% for 2014 and the currency to weaken to US$0.82/AUD by the end of the year. For one, the manufacturing sector continues to battle high costs and stiff competition from cheap imports. Secondly, the mining sector could face even greater stress as firms...
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