Australia and New Zealand Economic Outlook: Rate Cut Countdown
The Australian and New Zealand economies have slowed with the high interest rate environment. Relief is on the horizon with inflation cooling and rate cuts in view by the second half. Australia has held up better than expected, helped by solid population growth and a resilient labour market. New Zealand has also benefited from these factors, but to a lesser extent.
Topics include:
- Business investment and confidence remain steady, despite slower domestic demand and offshore weakness. However, signs of stress in certain sectors may lead to corporate credit quality deterioration, making early warning of risk a priority.
- Labour markets are weakening, as interest rate hikes continue to permeate.
- Oceania’s important merchandise export channel has seen marked variability, while the service export recovery has been sluggish.
- Oceania isn’t immune from geopolitical tensions that are clouding the expected global economic recovery later this year.
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SpeakersKatrina Ell Deputy APAC Chief Economist Moody's
Harry Murphy Cruise Head of China and Australia Economics Moody's
Shannon Nicoll Economist Moody's Analytics
Brenda Solis Analytics & Modeling Moody's Analytics
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