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 forecast consumption change year over year mentioned in the text?

How did Phil Lowe describe the impact of falling home prices on the Australian economy?

What factors did Phil Lowe mention that could offset the impact of falling home prices?

What concerns did Phil Lowe express regarding the trade tensions between the US and China?

What did the RBA indicate about the possibility of rate hikes in the near future?