On balance of risks KPMG Economics maintains its forecast of global growth for 2017 with real GDP at 3.0 percent lifting to 3.4 percent in 2018.
Ten years on from the GFC it is instructive to look back at the key signs preceding the crisis and ask, a decade on, whether we are now clear from those problems?
The national accounts from Q1 2017 are largely on track with KPMG’s forecast. We should see growth increase next year with improved economic conditions and reduced uncertainty domestically and internationally.
KPMG Economics’ latest report finds Sydney house prices will experience a greater adjustment than Melbourne in the coming years, although neither market will suffer a collapse in value.
Has Australia’s economy started to turn the corner? There is increasingly positive news.
The Mid Year Economic and Fiscal Outlook (MYEFO), released yesterday, presents an interesting close to a year that commenced with a glimmer of hope of grand tax reform. We learnt…