IDEAS home Printed from https://ideas.repec.org/a/bla/ausecr/v53y2020i1p5-21.html
   My bibliography  Save this article

The Australian Economy in 2019–20: Slower Growth, Record Low Interest Rates and a Changing Housing Landscape

Author

Listed:
  • Sarantis Tsiaplias
  • Jiao Wang

Abstract

Economic activity in Australia slowed considerably in 2018–19, with domestic demand growth halving and unemployment rising. Consistent with the slowdown, both consumer and wage inflation have remained weak. A synchronised growth slow‐down was observed across major economies, to some extent underpinned by the on‐going US–China trade war. Central banks have responded to weak growth by cutting rates. The US Federal Reserve cut its target for the federal funds rate three times in 2019, as did Australia. To date, record low Australian interest rates have been associated with additional housing‐related debt and asset price appreciation.

Suggested Citation

  • Sarantis Tsiaplias & Jiao Wang, 2020. "The Australian Economy in 2019–20: Slower Growth, Record Low Interest Rates and a Changing Housing Landscape," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 53(1), pages 5-21, March.
  • Handle: RePEc:bla:ausecr:v:53:y:2020:i:1:p:5-21
    DOI: 10.1111/1467-8462.12367
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-8462.12367
    Download Restriction: no

    File URL: https://libkey.io/10.1111/1467-8462.12367?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ausecr:v:53:y:2020:i:1:p:5-21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/mimelau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.