Pockets of Weakness in the Australian Economy
Our six Growth Nowcaster indicators are spread around the radar chart, depicting various aspects of the Australian economy and their relative strength (-2 to +2). The smaller the surface, the weaker the economy, such as the blue area reflecting the depths of the last recession early 2009, clearly below the grey line at zero, representing potential growth. The current red line (June 2019) – also mostly below potential – shows a clear deterioration compared to the dotted line marking the end of 2018. The indicators that have weakened most significantly are Exports, Investment Perspectives, Employment and Production Expectations.
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