Australia Economic Outlook

Say G’Day to the Slowdown

Katrina Ell and Harry Murphy Cruise discussed current economic conditions, the economic outlook, and major risks faced by the Australian economy in light of high interest rates and a weak global economy, even as the economy of China rebounds this year.

Discussion Topics:

  • The global economy continues navigating significant challenges as interest rates have increased abruptly leading to asset readjustments, financial market ructions and tougher conditions for households and businesses.
  • The Australian economy will inevitably slow over 2023, as households feel the weight of high inflation and rising borrowing costs.
  • Challenges and opportunities are abundant in Australia’s exports amid geopolitical ructions, slower global growth and rebounding service exports.  
  • Speakers keyboard_arrow_down
    Katrina Ell Director-Economic Research Moody’s Analytics Bio
    Harry Murphy Cruise Economist Moody's Analytics Bio