The Australian Economy in 2018–2019: Convergence in Economic Activity Across Australia

14 Pages Posted: 6 Mar 2019

See all articles by Viet Hoang Nguyen

Viet Hoang Nguyen

Melbourne Institute of Applied Economic and Social Research

Jiao Wang

University of Melbourne - Melbourne Institute of Applied Economic and Social Research

Date Written: March 2019

Abstract

Economic activity in Australia continued to improve in 2017–2018 with growth spreading across the mainland state economies. Labour market conditions in Australia improved markedly in 2017–2018 while the inflation rate was steady around the lower end of the Reserve Bank of Australia's 2–3 per cent target band. Real wage growth was weak and is likely to remain weak in 2018–2019, putting downward pressure on household consumption. Output growth in 2018–2019 is likely to be solid with prospects of the Chinese economy and trade tensions between China and the United States posing the greatest downside risk to the Australian economy.

Suggested Citation

Nguyen, Viet Hoang and Wang, Jiao, The Australian Economy in 2018–2019: Convergence in Economic Activity Across Australia (March 2019). Australian Economic Review, Vol. 52, Issue 1, pp. 5-18, 2019. Available at SSRN: https://ssrn.com/abstract=3345273 or http://dx.doi.org/10.1111/1467-8462.12316

Viet Hoang Nguyen (Contact Author)

Melbourne Institute of Applied Economic and Social Research ( email )

185 Pelham Street
Carlton, Victoria 3053
Australia

Jiao Wang

University of Melbourne - Melbourne Institute of Applied Economic and Social Research ( email )

Level 5, FBE Building, 111 Barry Street
Parkville, Victoria 3010
Australia

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