Australia’s leading index falls to 0.2%, growth pulse fades

Australia’s Westpac Leading Index slowed from 0.5% to 0.2% in April, signaling a loss in growth momentum. According to Westpac, the above-trend growth seen earlier this year has “all but disappeared,” primarily due to rising global trade uncertainty and weaker commodity prices. While these external pressures dominate, domestic factors such as a slowing labor market […]

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