RBA seems very optimistic about Australian economy

– Low interest rates support the economy, and a solid political scene supports the central bank’s goals.

– Progress on unemployment and inflation is expected to be smooth but stable.

– We expect GDP in 2018. to exceed 3%.

– The labor market is showing some difficulties, but low unemployment and wage growth show companies expect faster economic growth.

– Massive investment in infrastructure will be maintained, taking into account the demographic trends towards strong population growth.

– Monetary policy will remain the same, mainly because of the risks posed by the US-China trade war.

 Trader Petar Milanov

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