In the Australian press, reports on the OECD outlook for Australia released overnight

  • 2015 growth cut to 2.2 per cent from 2.3 per cent
  • OECD cut its forecast for Australian economic growth in 2016 to 2.6% (from a 3% prediction five months ago)

Cites:

  • Slowdown in global demand for resource exports
  • Softer household spending
  • Only a "surprise jump" in government spending this year will keep gross domestic product from slowing even more sharply

The OECD Outlook anticipates no more cuts to the 2% RBA cash rate

  • Assumes interest rate increases will begin in the fourth quarter of 2016

More here and here

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The OECD's latest twice-yearly Economic Outlook is here, and specifically for Australia, here