Australia 4Q GDP Expands 0.2% Q/Q

The transcript discusses economic forecasts, focusing on the Reserve Bank of Australia's (RBA) predictions and the impact of housing market changes. Phil Lowe's speech highlights concerns about falling home prices but notes a strong labor market. The discussion also covers the potential effects of US-China trade tensions on Australia and the RBA's stance on interest rates, with a historical look at rate cuts and their implications for the Australian dollar.

What was the forecasted year-over-year consumption rate before the miss?

• 3.0%

• 2.3%

• 2.6%

• 2.8%

According to Phil Lowe, what offsets the drop in home prices?

• High inflation

• Strong labor market

• Rising interest rates

• Increased exports

What is a potential risk to the Australian economy mentioned by Phil Lowe?

• High inflation rates

• Decreasing exports

• Trade tensions between the US and China

• Rising unemployment

How long has the interest rate remained unchanged since the last cuts in 2016?

• One year

• Two years

• Three years

• Four years

What could be a consequence of cutting the Aussie dollar rate?

• Decrease in exports

• Boost in exports

• Increase in inflation

• Higher unemployment