Australian trade balance for October is a smaller than expected surplus ...Middle East

The surplus is just under the central estimate. That's a big drop for imports from the previous month and will raise worries about weak Australian economic growth after yesterday's Q3 GDP was a miss:Australian Q3 GDP +0.2% q/q (vs. expected +0.4%)A rate cut from the Reserve Bank of Australia has been priced in around August/September next year. There will need to be substantial progress made on inflation for this to come to fruition. The alternative appears to be (should I say it?) stagflation. But a strong employment market will help counter the prospect of this. This article was written by Eamonn Sheridan at www.forexlive.com.

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Last updated : 07 Dec 2023 clock 03:53 AM

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Australian trade balance for October is a smaller than expected surplus ...Middle East

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