per capita. Household spending year to Dec. %. Business investment mining. % to Dec ... RBC Capital Markets. 2.6. 6.3 ..
SC
PE ECONOMIC SURVEY GROWTH
INVESTMENT
HOUSING
Australia GDP year to Dec %
China GDP year to Dec %
US GDP year to Dec %
World GDP year to Dec %
Australia Nominal GDP year to Dec %
Real net disposable income per capita
Household spending year to Dec %
Business investment mining % to Dec
Business investment non-mining % to Dec
Housing invesment year to Dec %
Sydney home prices year to Dec %
Melbourne home prices year to Dec %
1.6 2.9 2.5 3.4 2.9 3 2.6 3 2.8 2.6 3 3.3
6.2 6.5 6.25 6.5 6.8 6.5 6.4 6.6 6.5 6.3 6.5 6.5
1.6 2.1 2 2.4 2.3 3 2.3 2 2.5 2.6 2.1 2.2
2.5 2.9 2.75 2.5 3.3 3.2 3.2 3.5 3.2
2
2.1 2.5 2.5 2.7 2.8 2.2 2.8 3 2.8 2.2 2.3 2.8
-18
1.1
7.1
-10 -5 -13 -10 -15
5 5 -1 -3 3
5 5 7 8 6
5 3 5 10 4
-30 -13.4 -30 -22.5
6 8.2 2.3 9.1
3.1 4 2.5 2 0.3 1 -0.5 -0.6 1 -0.5 2.1 -2
5.4
4
3
3.2 3.7
2.2 4.8 3 5.4 2.8 5 3.6 5.4 4.2 4.6 3.9 5
3.9
4.8
ACADEMIC ECONOMISTS Janine Dixon Victoria University Mardi Dungey University of Tasmania Saul Eslake University of Tasmania Renee Fry-McKibbin Australian National University Steve Keen Kingston University, London Guay Lim Melbourne Institute Jakob Madsen Monash University Bill Mitchell University of Newcastle Neville Norman University of Melbourne
3 2 2.9 1.8 -1 3 2 1.6 2.3
6 6.2 6.8 6 6.5 7 6.5 7.55
2.1 2.8 2 3 2 2.4 2.1 1.95
3 3.5 3 3 3.4 3.3 2.8 3.2
3.7 2.7 3.6 2.8 0 5 3 3.7 1.95
0.8 1.8 0.9 1.2 -1.5
1.9 2.5 2.6 1.8 1.5 2.8 2.4 2.2 2.4
-15 -15 -10 -25 -10 4.5 -25 2
3 3 3 3 -1 1 4 1 5.1
8 1.7 7 3 1.5 7 3 11
10
12
12 0 6 0 8 9
10 -4 4.5 0 8 11
CONSULTANTS Nicki Hutley Stephen Koukoulas Richard Robinson
2.5 2.1 3
6.5 6.8 6.4
2.5 2.9 2.3
3 3.5 3.6
4 4.5 4.9
1.8 0.8
2.4 2.3 2.6
-9.6 0 -24
4.1 10 6
-1 -5 -2
-3 -5 0
-5 -6 0
2.6 2.25 2.4
6.3 6.25 6.6
2.6 1.5 3
3.3 3.25 2.7
4.2 3.4 3.4
2.4 2.5 3.1
10 -25 -7
3.2 -1 8
-5.5 2.5 5
5
4.5
2 3.5
12
10
Low
-1
6
1.5
2.5
0
-1.5
1.5
-30
-3
-5.5
-5
-6
High
3.4
7.6
3
3.7
5.4
3.5
3.1
10
10
11
12
12
AVERAGE
2.4
6.5
2.3
3.1
3.7
1.5
2.4
-13.2
3.5
1.9
4.9
4.3
MARKET ECONOMISTS Stephen Anthony Sally Auld David Bassanese Paul Bloxham Michael Blythe Paul Dales Besa Deda Bill Evans Shane Oliver Su-Lin Ong Riki Polygenis Richard Yetsenga
Industry Super JP Morgan BetaShares HSBC Commonwealth Bank Capital Economics Bank of Melbourne Westpac AMP Capital RBC Capital Markets National Australia Bank ANZ Bank
Urbis Consulting Market Economics BIS Shrapnel
INDUSTRY ECONOMISTS Shane Garrett Housing Industry Association Margaret McKenzie ACTU Julie Toth Australian Industry Group
2.25 0 3 2 2
1.8 1 2.4
Forecasts as of January 25, 2017
PRICES
WORK
BUDGET
RATES
MARKETS
Consumer price index year to Dec %
Underlying inflation year to Dec %
Wage price index year to Dec %
Jobless rate Dec 2017 %
Underlying cash deficit 2016-17 $b
Underlying cash deficit 2017-18 $b
Reserve Bank Reserve Bank cash rate cash rate Jun 2017 Dec 2017 % %
ACADEMIC ECONOMISTS Janine Dixon Mardi Dungey Saul Eslake Renee Fry-McKibbin Steve Keen Guay Lim Jakob Madsen Bill Mitchell Neville Norman
62 75 36
CONSULTANTS Nicki Hutley Stephen Koukoulas Richard Robinson
5 10
60 49
INDUSTRY ECONOMISTS Shane Garrett Margaret McKenzie Julie Toth
100 66 82 80 55 87 48 102
2.5 -4.8 2.5 0 0.5 2.1 2.1 2.3
6000
90 60
-1 0 5.5
5840
68 95 90
5900 5000 5800 5950
MARKET ECONOMISTS Stephen Anthony Sally Auld David Bassanese Paul Bloxham Michael Blythe Paul Dales Besa Deda Bill Evans Shane Oliver Su-Lin Ong Riki Polygenis Richard Yetsenga
