Australia Westpac leading index dropped to 0.40%, economic slowdown ahead

Australia Westpac leading index dropped from 0.56% to 0.40% in June, indicating economic slowdown later in the year, but momentum is still above trend in the near term. Westpac currently expects growth to slow from 4% in 2022 to 2% in 2023, but that is highly dependent on the profile of RBA’s tightening cycle. Westpac […]

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