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Economic Update

Chartpack: Year 2014/15 in Perspective

02 Jul 2015
From
Financial Year in Charts & Tables

The attached Chartpack showcases the past financial year in charts & tables.

The Reserve Bank is expected to stay on the interest rate sidelines for most of 2015/16. If the economy lifts as expected, underpinned by low interest rates and stimulus to small businesses, the RBA could start to lift rates in late 2016.

The US Federal Reserve is expected to start lifting rates by the end of 2015.

The Chinese economy is expected to continue expanding at close to a 6.5-7.0 per cent annual rate.

The Aussie dollar is largely expected to hold between US75-80 cents. Higher US interest rates could push the currency below the range but firmer Australian economic growth represents an upside risk for the exchange rate.

The Australian economy is expected to lift from growth in a 2.0-2.5 per cent range in 2014/15 to 2.5-3.0 per cent in 2015/16.

The Australian sharemarket is tipped to grow by 9-14 per cent in 2015/16

 

 

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