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RBA hold optimistic forecasts for GDP growth in 2020

Trump and Trudeau discussed USMCA

The White House has not yet made a decision on the introduction of fees from December 15


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In Australia was today presented economic and fiscal forecast for the next six months. Governor of the Reserve Bank of Australia Philip Lowe said that the growth rate of major economic indicators while consistent with the general expectations and forecasts of the regulator. Somewhat surprised only weak data on consumer spending for the third quarter. Perhaps the low level of expenditure is linked to an increased level of debt. Nevertheless, Philip Lowe predicted in the near future increase in consumer spending amid falling interest rates and the income tax. Overall, the RBA hold optimistic forecasts for GDP growth in 2020.

The attention of many media is now focused on the negotiation of the North American Trade Agreement USMCA. Chairman of one of the committees of the House of Representatives R. Neal said that an important statement of the agreement can be done today. House Speaker Nancy Pelosi also said that the sides are close to reaching an agreement.

White House adviser Jared Kushner evaded a direct answer to the question about the possible introduction of new trade duties on Chinese imports since December 15. Kouchner said only that negotiations are continuing and are moving in the right direction. While the administration of the White House approves the position of the foreign trade agreement to the US Congress received a bill to ban the use of public funds for the purchase of Chinese buses and cars.


News, which you should pay attention today:

9:30 GMT. United Kingdom: The data on GDP growth for the third quarter, a report on industrial production and manufacturing output

10:00 GMT. Germany: ZEW index of the Institute


Analytics and forecast company  FORTFS



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