
Energy special, economy's big test & bank deal blocked!
Chanticleer
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The Reserve Bank's Economic Growth Forecast for the 2024 Financial Year
The Reserve Bank is slightly downgraded. It's economic growth forecast for the 2024 financial year, so the year up until the next June. I think it's expecting now one and a quarter percent growth and it was expecting one and a half percent. But in terms of expectations around CPI, unemployment, whatnot, they seem to be pretty in line. So while rates might have stopped going up, it may well be that they are on hold for 12 months,. maybe even longer. And I think that's what the economy is. That's the next test for the economy. Yeah, so get your crystal ball out, James.
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