Australia Freight Transport Report Q4 2013 - New Study Released
We are forecasting the slowdown private consumption to be the main drag on Australian growth in the coming quarters, as job losses rise on the back of businesses cutting costs, triggering the beginning of household debt deleveraging. In line with our expectations for the Australian economy to struggle in 2013, real GDP growth in the first quarter of 2013 slowed to 2.2% quarter-on-quarter (q-o-q) in seasonally adjusted annualised terms, compared to 2.3% in Q4 2012. Together with our expectations for...
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