RTRS Poll: Australian growth forecasts downgraded

According to a latest Reuters poll of analysts, the Australian economic growth forecasts have been downgraded after the resource-rich nation’s growth stalled in Q3 2016.

Key Findings from the survey:

Australian economic growth forecasts cut to 2.4% for 2016

• 2.6% in 2017
• and 2.8% in 2018

Australian CPI inflation seen averaging 1.3% in 2016

• 2.1% in 2017
• 2.2% in 2018