Westpac thinks our economy will ride a wave of growth, right through until the early 2020s
Westpac thinks our economy will ride a wave of growth, right through until the early 2020s
21 November 2018
This differs from predictions our economy would slow, which emerged last year, as two main drivers of growth - immigration, and house prices - plateaued.
Westpac's latest quarterly Economic Overview paints a rosier picture.
It says strong economic growth of late has defied the crisis of confidence seen in business surveys, and it expects this until the start of the next decade.
GDP growth is expected to keep picking up, and unemployment to remain low - but house prices are expect to grow more slowly, or even lose a bit of value.
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