The OECD has identified US interest rate policy, the ongoing fallout from Brexit, rising international protectionism and the performance of China as risks facing the Australian economy. ts latest survey of Australia's been released today and it says the economy is well-positioned to handle such potential shocks, with the capacity to cut interest rates further and provide fiscal stimulus. But the OECD's also warning a correction to the house-price boom could cut household consumption and lead to mortgage defaults.
The OECD has identified US interest rate policy, the ongoing fallout from Brexit, rising international protectionism and the performance of China as risks facing the Australian economy. ts latest survey of Australia's been released today and it says the economy is well-positioned to handle such potential shocks, with the capacity to cut interest rates further and provide fiscal stimulus. But the OECD's also warning a correction to the house-price boom could cut household consumption and lead to mortgage defaults.
