12
September 2023
Investment & Economic Strategy Lunch
Implications for Financial Markets & Investors?
‒ Australia is on a pathway to return to the pre-pandemic mixture of underemployment, anaemic wage growth and low productivity but with greater government intervention and weaker Chinese demand. ‒ Interest rates will eventually settle at higher levels than pre-covid as de-globalisation raises the baseline inflation rate.
‒ For 2024:
• Core inflation (ex. Energy) will continue to moderate to the target range.
• Weak growth – The RBA will pivot monetary policy before global counterparts
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