The Australian economy in 2019

- Australian growth has slowed again. The housing cycle downturn and its impact on the economy will likely see growth constrained to around 2.5-3%.

- As a result, spare capacity is likely to remain significant, keeping wages growth and inflation low.

- The RBA is likely to cut rates in 2019 and the housing downturn will likely see Australian shares continue to underperform global shares.

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