The decade may have changed but the picture for the global economy has not – we seem set for a prolonged period of slow growth.
Geopolitical risks are increasingly impacting the outlook of the global economy.
Our view is not as gloomy as some. While overall KPMG sees the short-term economic outlook remaining mixed, we remain optimistic that growth should start to lift through 2019.
Data released by the Australian Bureau of Statistics (ABS) reveals wage growth is still persistently weak, while unemployment is trending down in most jurisdictions.
While the threat of a trade war lurks darkly in the corner, the good news is that, regardless, the global economy is still pushing strongly ahead.
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