Get notifications in real-time for staying up to date with content that matters to you.
In contrast with most other developed countries the Australian economy will continue to grow in 2009 according to The Organisation of Economic Cooperation and Development (OECD).
Growth next year will weaken from 2.5 per cent to an expected 1.7 per cent in 2009 before picking up to 2.75 per cent the following year.
“Despite the depressed international environment, the impact of the financial crisis and the fall in the terms of trade should be relatively contained,” the OECD said in its economic outlook.
The news for employment levels is however less encouraging with a figure of 6 per cent anticipated by 2010 however inflation should drop below the 3 per cent threshold.
Published: 27-11-08
Today's other news
Who do you aggregate through?
Thank you for your vote, you can see the results here.
Court rules against bank for ‘unfair’ loan terms
The Federal Court has declared a number of loan contracts entered...
RBA, APRA sing different tune on serviceability buffers
APRA chair Wayne Byres has dismissed the need for a cut to the bu...
Remodelled FHB scheme cops backlash
From 1 July, all applications for the FHLDS will require a Notice...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
