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Stellar global growth to slow: report

Sydney construction site

The impact of falling construction rates shouldn't be too significant, according to new research Source: AAP

Deloitte Access Economics is expecting more pedestrian global growth in 2019 and 2020, driven by an easing of growth in the United States and China.


Australia's economy will be affected by slower global growth in the next two years, a leading economic forecaster predicts.

But conditions will ultimately be fairly rosy for Australian businesses and families as more jobs are created and companies gradually increase their capacity, according to Deloitte Access Economics.

In its latest Business Outlook, the economic adviser says global growth will slow as the impact of tax cuts in the United States starts to fade and China's slowdown continues.

 

Read the full article here.


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