Predictions regarding the Australian economy

Reserve Bank governor Philip Lowe says the outlook for the Australian economy is favorable, with expectations of good growth and a declining unemployment rate. He expects interest rates to eventually rise, but says there are signs wages could go up, too. Still, interpretations of economic projections are rarely in agreement.

A shopping trolley is seen alongside available perishable goods in a supermarket in Sydney, Sunday, 24 September, 2017. Source: AAP