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Economic Outlook

Australia is now beginning a modest recovery from the very soft growth in household incomes that occurred from 2012 to 2016. This recovery in household incomes is a result of improved commodity prices. These higher household incomes should support a steady path of consumption over the medium-term. Whilst consumption is not expected to return to the golden period, it is expected that rising household income will continue to support steady growth.

Furthermore it is not expected a rise in the RBA’s cash rate until at least the second-half of 2020, which should also provide support for growth over the medium-term.

Read the full Morgans monthly Investment Watch update

For investment advice call PPT Financial on (03) 5331 3711.

DISCLAIMER: The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone.  If expert assistance is required, professional advice should be obtained.

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