Australia Growth 'Manageable Slowdown' Expected, Goldman's Boak Says

Australia Growth 'Manageable Slowdown' Expected, Goldman's Boak Says

Assessment

Interactive Video

Business

University

Hard

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The video discusses the current economic outlook for Australia, highlighting a slowdown in growth due to housing sector challenges but maintaining an above-trend trajectory supported by public infrastructure spending and rising wages. It examines the housing market downturn, credit tightening, and the RBA's view of an orderly correction. The discussion also covers macroprudential measures, economic resilience, and the diminishing wealth effect, with a focus on consumer sentiment and spending trends.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors are contributing to the expected slowdown in Australian growth?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the current financial condition in Australia support growth?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the public infrastructure spending mentioned?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of the tightening credit on the housing market?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How has consumer sentiment and spending in Sydney changed despite falling prices?

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